News and Views
Persistent Underperformance Against Benchmarks
NB Footwear’s recent price movement is part of a broader trend of underwhelming returns when compared to the Sensex benchmark. Over the past week, the stock has fallen by 13.82%, while the Sensex has marginally gained 0.10%. This negative divergence extends over longer periods, with the stock down 14.61% in the last month against a 1.11% rise in the Sensex. Year-to-date figures reveal a stark contrast, as NB Footwear has plummeted 53.94%, whereas the Sensex has appreciated by 9.70%. Even over the last year, the stock’s decline of 56.13% contrasts sharply with the Sensex’s 6.84% gain. Although the company has delivered strong returns over three and five years, outperforming the Sensex by 5.96% and 304.51% respectively, the recent ...
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