Persistent Downward Momentum Reflects in Price and Returns
The stock closed at ₹24.05, down by ₹0.24 or 0.99% as of 08:33 PM on 19-Dec, edging closer to its 52-week low of ₹23.77, just 1.16% away. This recent fall is part of a broader negative trend, with the share price having declined by 4.79% over the past week. This contrasts sharply with the Sensex, which recorded a marginal decline of 0.40% in the same period, highlighting Mangalam Drugs’ relative weakness.
Over longer horizons, the underperformance is even more pronounced. The stock has plummeted by 55.96% in the last month and an alarming 79.26% year-to-date, while the Sensex has gained 8.69% over the same timeframe. The one-year and three-year returns for Mangalam Drugs are similarly dismal, with losses exceed...
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