Persistent Downtrend and Market Underperformance
Goa Carbon’s shares have been on a steady decline, falling 6.93% over the last five trading days, a stark contrast to the Sensex’s modest 0.63% loss in the same period. The stock’s underperformance extends beyond the short term, with a one-month return of -10.24% compared to the Sensex’s positive 2.27%. Year-to-date, the stock has plummeted by 44.42%, while the benchmark index has gained 8.91%. Over the past year, the stock’s decline deepens further, with a 45.96% loss against the Sensex’s 4.15% rise. Even over a three-year horizon, Goa Carbon has lagged significantly, delivering a negative 35.33% return compared to the Sensex’s robust 36.01% gain.
Today’s trading session saw the stock hit an intraday low of ₹381, markin...
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