Recent Price Movement and Market Context
The stock’s fall on 08-Dec follows two consecutive days of gains, signalling a trend reversal that has investors taking a cautious stance. Intraday, the share price touched a low of ₹191.05, representing a 4.5% dip from previous levels. This decline places the stock just 4.3% above its 52-week low of ₹184.90, underscoring the pressure it has faced over the past year.
Compared to the Sensex, which has gained 0.63% over the past week, Nahar Spinning’s shares have declined by 4.85% in the same period. This divergence is even more pronounced over longer time frames, with the stock down nearly 28% year-to-date and over the last twelve months, while the Sensex has posted gains of 8.91% and 4.15% respectively. Such relative weakness in...
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