News and Views
Recent Price Movement and Market Context
The stock has been on a declining trajectory over the past week, registering a loss of 3.16%, which notably contrasts with the marginal 0.10% decline in the Sensex during the same period. Over the last month, the stock’s depreciation has deepened to 9.20%, while the Sensex has gained 0.45%. This divergence highlights the stock’s relative weakness amid a generally stable market environment.
Year-to-date figures further underscore this trend, with Nandan Denim down 37.04% compared to the Sensex’s robust 8.25% gain. Over the past year, the stock’s decline of 37.80% starkly contrasts with the Sensex’s 5.59% appreciation. Even over a three-year horizon, the stock’s 14.39% return lags behind the Sensex’s 35.79%, signalling persistent ...
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