Strong Short-Term Gains Outpace Market Benchmarks
In the week leading up to 26 December, Namo eWaste Management Ltd delivered a robust return of 7.66%, significantly outperforming the Sensex’s modest 0.29% gain over the same period. This positive momentum extended into the monthly timeframe, with the stock appreciating 5.97% compared to the Sensex’s decline of 0.62%. Such short-term outperformance highlights renewed investor confidence in the company’s prospects or technical positioning, even as the stock’s year-to-date (YTD) performance remains negative at -6.77%, contrasting with the Sensex’s healthy 10.14% gain.
Technical Indicators Signal Uptrend
On the technical front, Namo eWaste Management Ltd is trading above all key moving averages, inc...
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