Persistent Downtrend Against Market Benchmarks
Kobo Biotech’s recent price movement reflects a broader trend of sustained decline. Over the past week, the stock has dropped by 5.46%, sharply contrasting with the Sensex’s modest gain of 0.13% during the same period. The disparity becomes even more pronounced over longer horizons: the stock has lost more than half its value in the last year, registering a negative return of 50.66%, while the Sensex has advanced by 8.37%. Over three and five years, Kobo Biotech’s performance remains deeply disappointing, with losses exceeding 46% and 74% respectively, compared to the Sensex’s robust gains of over 40% and 81% in those periods.
Technical Indicators Signal Weak Momentum
From a technical perspective, K...
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