Short-Term Price Movement and Market Context
On 21 November, Krishanveer Forge’s shares declined by ₹0.90, representing a 0.67% drop from the previous close. This marks the second consecutive day of losses, with the stock falling approximately 0.93% over this brief period. Despite this short-term weakness, the stock managed to outperform its sector by 0.75% on the day, suggesting relative resilience within its industry segment.
Examining the recent weekly and monthly returns reveals a more challenging environment for the stock. Over the past week, Krishanveer Forge has declined by 2.46%, while the benchmark Sensex gained 0.79%. Similarly, the stock’s one-month return stands at -7.24%, contrasting with the Sensex’s positive 0.95% gain. These figures indicate that the st...
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