Persistent Underperformance Against Benchmarks
Max India Ltd has been struggling to keep pace with the broader market indices, as evidenced by its recent returns compared to the Sensex. Over the past week, the stock has fallen by 4.16%, while the Sensex remained virtually flat, gaining a marginal 0.02%. This negative divergence has extended over longer periods as well. In the last month, Max India Ltd’s share price declined by 8.81%, contrasting with the Sensex’s modest 0.14% gain. Year-to-date figures reveal a stark contrast, with the stock down 26.95% against the Sensex’s 8.37% rise. Over the past year, the stock has fallen 34.25%, while the Sensex has advanced 3.59%. These figures highlight a sustained period of underperformance that has weighed heavily on investor confide...
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