Persistent Downward Momentum
Kenvi Jewels has been on a consistent losing streak, with the stock price falling for five consecutive days, resulting in a cumulative decline of 14.44% over the past week. This persistent weakness is underscored by the stock hitting a new 52-week low of ₹2.38 on the day, signalling ongoing investor concerns. The recent price action places the stock well below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong bearish sentiment prevailing among market participants.
Underperformance Relative to Benchmarks
When compared to the benchmark Sensex, Kenvi Jewels’ performance has been markedly disappointing. Over the last week, while the Sensex managed a modest ga...
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