Recent Price Movement and Market Context
NESCO Ltd has experienced a notable decline over the past month, with its share price falling by 8.93%, significantly underperforming the Sensex benchmark which declined by 3.24% in the same period. Year-to-date, the stock has dropped 7.99%, compared to the Sensex’s 3.57% fall. This recent weakness contrasts with the company’s robust one-year return of 10.65%, which outpaces the Sensex’s 6.63% gain, and its impressive three-year and five-year returns of 86.96% and 90.31% respectively, well above the benchmark’s 35.56% and 65.05%.
On the day in question, NESCO’s shares touched an intraday high of ₹1,167.30, gaining 2.05%, but ultimately closed near the day’s low of ₹1,117.75, down 2.29%. The weighted average price indicates that ...
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