Extended Downtrend and Relative Underperformance
Magnum Ventures Ltd has been on a downward trajectory for several months, with its one-year return plunging by 45.16%, a stark contrast to the Sensex’s positive gain of 8.65% over the same period. Even over a three-year horizon, the stock has declined by 36.25%, while the benchmark index has surged by 36.79%. This divergence highlights the stock’s persistent struggles amid broader market gains.
More recently, the stock’s performance remains subdued. Year-to-date, Magnum Ventures has lost 8.61%, significantly underperforming the Sensex’s 2.32% decline. Over the past month, the stock has fallen by 9.83%, compared to the Sensex’s 1.98% drop, and in the last week, the stock declined by 7.16%, far exceeding the benchmark’s mo...
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