Extended Downward Momentum
The recent price movement of LGB Forge Ltd is part of a sustained negative trend. Over the past week, the stock has declined by 8.20%, markedly underperforming the Sensex, which fell by just 1.18% during the same period. This underperformance is even more pronounced over longer durations, with the stock losing 18.84% in the last month compared to a marginal 1.08% decline in the Sensex. Year-to-date, LGB Forge has dropped 7.73%, while the benchmark index has only decreased by 1.22%.
Looking further back, the stock’s one-year performance is particularly concerning, with a steep 57.05% loss, contrasting sharply with the Sensex’s 7.72% gain. Over three years, LGB Forge has declined by 41.43%, whereas the Sensex has appreciated by 40.53%. Despite ...
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