Persistent Downward Momentum Evident in Price and Returns
Hemang Resources closed at ₹18.07 on 03 December, down by ₹0.30 or 1.63% from the previous session. This decline extends a losing streak that has persisted for four consecutive trading days, during which the stock has shed approximately 8.69% of its value. Notably, the current price is perilously close to its 52-week low of ₹18.04, with the stock trading just 0.17% above this critical support level. Such proximity to the annual low underscores the prevailing bearish sentiment among investors.
The stock’s performance starkly contrasts with the broader market, as reflected by the Sensex, which has posted positive returns across comparable periods. Over the past week, Hemang Resources has declined by 7.00%, while t...
Read More













