News and Views
Recent Price Movements and Market Context
The stock has been on a downward trajectory over the past week, falling 6.27% compared to the Sensex’s modest decline of 0.63%. Over the last month, the divergence is starker, with Kalyani Steels dropping 10.77% while the Sensex gained 2.27%. Year-to-date, the stock has plummeted 38.37%, in sharp contrast to the Sensex’s 8.91% rise. Even over the last year, the stock has underperformed significantly, delivering a negative return of 23.79% against the Sensex’s positive 4.15%.
On the day of 08-Dec, the stock underperformed its sector, which itself declined by 2.23%, with Kalyani Steels falling 3.58% more than the sector average. The share price touched an intraday low of ₹705.75, representing a 7.42% drop from previous levels. No...
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