Recent Price Movement and Market Comparison
The stock has been on a downward trajectory for the past five consecutive days, losing 8.03% over this period. This decline is significantly steeper than the Sensex’s 2.55% fall over the same week, highlighting Kalyani Steels’ relative weakness. Year-to-date, the stock has dropped 9.49%, compared to a more modest 1.93% decline in the Sensex. Over the last year, the disparity is even more pronounced, with Kalyani Steels plummeting 31.94% while the Sensex gained 7.67%. Despite this, the stock has delivered strong long-term returns, rising 89.57% over three years and 139.61% over five years, outperforming the Sensex’s respective gains of 37.58% and 71.32%.
Technical Indicators Signal Weakness
On the techn...
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