Recent Price Movement and Market Context
Morepen Laboratories closed at ₹39.75 on 17 December, down ₹1.15 or 2.81% from the previous close. The stock hit a new 52-week low of ₹39.41 during the day, marking a continuation of a three-day losing streak that has seen the share price decline by 4.29%. This recent weakness contrasts starkly with the broader market, as the Sensex gained 0.20% over the past week, underscoring Morepen Labs’ relative underperformance.
Over the past month, the stock has declined by 14.02%, significantly worse than the Sensex’s marginal fall of 0.46%. Year-to-date, Morepen Labs has lost 49.23% of its value, while the Sensex has risen by 8.22%. The one-year return is even more telling, with the stock down 53.40% compared to the Sensex’s 4.80% gain....
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