Persistent Underperformance Against Benchmarks
Megatherm Induction Ltd’s recent price movement is part of a broader pattern of underperformance relative to the Sensex. Over the past week, the stock has declined by 5.51%, significantly more than the Sensex’s 1.75% fall. This trend extends over longer periods, with the stock down 9.82% in the last month compared to the Sensex’s modest 0.99% decline. Year-to-date figures further highlight the stock’s weakness, showing a 10.61% drop against the Sensex’s 1.30% fall. Most strikingly, over the past year, Megatherm Induction Ltd has plummeted by 41.76%, while the Sensex has gained 10.07%, underscoring the stock’s severe underperformance in contrast to the broader market’s positive trajectory.
Technical Indicators Signa...
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