Recent Price Movement and Volatility
Kanoria Chemicals’ shares have been under pressure, falling by 6.27% over the past week compared to a marginal 0.10% decline in the Sensex. This underperformance extends over longer periods, with the stock down 9.27% in the last month while the benchmark index gained 0.45%. Year-to-date, the stock has plunged 36.62%, starkly contrasting with the Sensex’s 8.25% rise. Even over a three-year horizon, Kanoria Chemicals has declined 46.40%, whereas the Sensex has surged 35.79%. These figures highlight a sustained period of weakness for the company’s shares relative to the broader market.
On the trading day in question, the stock exhibited high volatility, with an intraday price range of ₹8.35. It reached a high of ₹79.77, marking a 9.05%...
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