News and Views
Persistent Downward Momentum
Modipon’s recent price action reflects a pronounced downtrend that has persisted over multiple time frames. The stock has declined by 14.27% over the past week, significantly underperforming the Sensex, which was down only 0.52% in the same period. Over the last month, Modipon’s losses stand at 13.58%, while the benchmark index gained 0.95%. This negative divergence extends to the year-to-date and one-year horizons, where Modipon has fallen 43.48% and 44.76% respectively, contrasting sharply with the Sensex’s gains of 9.12% and 4.89% over those periods.
Longer-term comparisons also highlight the stock’s struggles. Over three and five years, Modipon’s returns have been negative at -32.84% and -14.37%, while the Sensex has delivered robust ga...
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