Persistent Downward Trend Against Market Benchmarks
Kalana Ispat’s recent price movement is part of a sustained downward trajectory. Over the past week, the stock has declined by 7.43%, contrasting sharply with the Sensex’s modest gain of 0.29% during the same period. This underperformance extends to the monthly horizon, where Kalana Ispat’s shares have dropped 9.61%, while the Sensex experienced a slight decrease of 0.62%. The divergence becomes even more pronounced when examining year-to-date and one-year returns. The stock has plummeted by over 48% in both periods, whereas the Sensex has delivered positive returns exceeding 9.5%. This stark contrast highlights the stock’s relative weakness amid a generally buoyant market environment.
Technical Indicators Sig...
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