Recent Price Performance and Market Context
On 16 January, the stock hit a new 52-week low of ₹0.46, underscoring persistent selling pressure. Over the past week, the stock declined by 4.00%, significantly underperforming the Sensex, which was nearly flat with a marginal 0.01% change. The one-month and year-to-date returns also show negative trends for the stock at -2.04% and -4.00% respectively, while the broader market indices have fared better, with the Sensex posting -1.31% and -1.94% over the same periods.
More strikingly, the stock’s one-year return stands at a steep -37.66%, contrasting sharply with the Sensex’s positive 8.47% gain. Even over three years, the stock’s modest 2.13% appreciation pales in comparison to the Sensex’s robust 39.07% growth. However, the...
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