Recent Price Movement and Market Context
The stock has been on a downward trajectory, losing 2.54% over the past week and 4.33% in the last month, significantly underperforming the Sensex, which declined by 0.75% and 1.98% respectively over the same periods. Year-to-date, Kanchi Karpooram’s shares have fallen 7.75%, compared to a more modest 2.32% drop in the Sensex. Over the last year, the stock has plummeted by 25.59%, while the Sensex has gained 8.65%, highlighting a stark divergence in performance.
Moreover, the stock is trading close to its 52-week low, just 4% above the bottom price of ₹331.2, signalling sustained weakness. The recent three-day consecutive fall has resulted in a cumulative decline of 4.76%, with the stock touching an intraday low of ₹337, down 4....
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