News and Views
Prolonged Underperformance Against Benchmarks
Indian Acrylics has been struggling to keep pace with the broader market indices, as evidenced by its returns over various time horizons. Over the past week, the stock declined by 3.16%, while the Sensex remained virtually flat, registering a marginal gain of 0.01%. This trend extends over longer periods, with the stock falling 6.25% in the last month compared to the Sensex’s 2.70% rise.
More strikingly, the year-to-date performance of Indian Acrylics shows a steep decline of 37.50%, in stark contrast to the Sensex’s 9.69% gain. Over the last year, the stock has plummeted 43.04%, while the benchmark index advanced by 4.83%. Even on a three- and five-year basis, Indian Acrylics has lagged significantly, with losses of 45.39%...
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