Persistent Downward Momentum
The stock’s decline on 09-Dec is part of a broader negative trend that has persisted over multiple time frames. Over the past week, Mihika Industries has fallen by 4.88%, significantly underperforming the Sensex benchmark, which recorded a modest 0.55% gain during the same period. This underperformance extends to longer durations as well, with the stock posting a year-to-date loss of 37.62%, in stark contrast to the Sensex’s 8.35% rise. Over the last one year, the stock has declined by 34.97%, while the benchmark index has appreciated by 3.87%. These figures underscore a sustained period of weakness for Mihika Industries, highlighting investor concerns and a lack of positive catalysts.
Technical Indicators Signal WeaknessRead More











