Recent Price Movement and Market Comparison
Morarjee Textiles’ stock price fell by ₹0.40, representing a 5.0% decrease on the day, significantly underperforming its sector by 4.55%. This decline is more pronounced than the benchmark Sensex’s modest 1.02% drop over the past week. While the stock has shown a modest 2.7% gain over the last month, this is against a backdrop of the Sensex declining by 1.18% in the same period, indicating some short-term resilience. However, the longer-term performance paints a more concerning picture.
Long-Term Underperformance Against Benchmarks
Over the year-to-date, Morarjee Textiles has declined by 28.1%, starkly contrasting with the Sensex’s 8.39% gain. The one-year performance is similarly weak, with the stock ...
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