Persistent Downward Momentum Evident in Price and Returns
The stock has been on a steep decline, registering a loss of 15.45% over the past week, starkly contrasting with the Sensex’s marginal fall of 0.55% during the same period. Over the year-to-date, Golkonda Aluminium’s shares have plummeted by 51.16%, while the Sensex has gained 8.35%. This negative divergence extends over longer horizons as well, with the stock down 51.50% in one year and 68.26% over three years, whereas the Sensex has delivered positive returns of 3.87% and 36.16% respectively. Despite this, the stock has shown some resilience over five years, posting a 99.14% gain, slightly outpacing the Sensex’s 83.64% rise.
Technical Indicators Signal Weakness
On the technical front, G...
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