News and Views
Recent Price Movement and Market Performance
India Nippon Electricals has been under pressure in the immediate term, with the stock losing 5.32% over the past week compared to a flat Sensex performance. The one-month returns are even more pronounced, with the stock down 15.31% while the Sensex gained 2.70%. This recent weakness contrasts with the stock’s strong year-to-date (YTD) return of 14.78%, comfortably outperforming the Sensex’s 9.69% gain. Over the last year, the stock has delivered a 14.04% return, significantly ahead of the benchmark’s 4.83%, and over three and five years, it has outpaced the Sensex by wide margins, returning 89.15% and 129.25% respectively.
Despite this long-term outperformance, the stock has been on a four-day losing streak, shedding 6.02% ...
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