Persistent Downward Trend Evident in Price Movement
The stock has been on a consistent downward trajectory, losing value for 12 consecutive trading sessions. Over this period, it has declined by approximately 32.88%, signalling sustained selling pressure. This recent slump culminated in the stock hitting its lowest price in a year, underscoring the severity of the decline. The current price of ₹0.98 represents a drop of ₹0.05 or 4.85% on the day, reflecting continued investor caution.
Underperformance Against Market Benchmarks
When compared to the Sensex, Mangalam Industrial Finance’s returns have been markedly poor. Over the past week, the stock has fallen by 19.01%, while the Sensex remained virtually flat with a marginal gain of 0.01%. The on...
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