News and Views
Recent Price Movement and Market Context
Morarjee Textiles has recorded a 4.91% rise in its share price as of the evening trading session on 16 December, marking a short-term rebound. This gain is particularly significant given the stock’s extended downtrend over longer time horizons. Year-to-date, the stock remains down by 25.17%, and over the past year, it has declined by 35.59%. The three- and five-year returns are even more stark, with losses of 67.52% and 45.52% respectively. These figures contrast sharply with the Sensex benchmark, which has delivered positive returns across all these periods, including an 8.37% gain year-to-date and an 81.46% rise over five years.
Despite this recent uptick, Morarjee Textiles continues to lag significantly behind the broader mar...
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