Robust Price Performance Against Benchmarks
India Motor Parts & Accessories Ltd has demonstrated impressive returns over various time frames compared to the broader Sensex index. Over the past week, the stock surged by 7.25%, significantly outperforming the Sensex’s modest 0.53% gain. This positive trend extends over the last month and year-to-date periods, with the stock appreciating 5.17% while the Sensex declined by 3.17% and 3.37% respectively. Although the stock has underperformed the Sensex over the past year by 4.05%, its longer-term performance remains strong, delivering a 51.51% gain over three years and an impressive 104.05% over five years, both surpassing the Sensex’s respective returns of 38.79% and 75.67%.
Technical Strength and Market Dynamic...
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