Recent Price Movement and Market Comparison
Greaves Cotton’s stock has been on a downward trajectory over the past month, shedding 16.03% compared to a marginal 0.46% decline in the Sensex. Year-to-date, the stock has plunged 35.92%, starkly contrasting with the Sensex’s 8.22% gain. Even over the last year, the stock has delivered a negative return of 25.73%, while the benchmark index rose by 4.80%. This underperformance extends to the medium term as well, with the stock’s three-year return of 26.22% lagging behind the Sensex’s 37.86%.
On the day in question, the stock underperformed its sector by 2.47%, continuing a two-day losing streak that has resulted in a cumulative decline of 3.53%. Technical indicators also signal weakness, as the share price remains below all ...
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