Recent Price Movement and Market Comparison
The stock’s 10% rise on 12-Dec marks a notable outperformance against its sector and the broader market indices. Over the past week, NIBE has gained approximately 10.5%, while the Sensex declined marginally by 0.52%. This short-term rally contrasts with the stock’s longer-term underperformance, as it has declined by over 41% in the last year compared to a 4.9% gain in the Sensex. Year-to-date, the stock remains down by 35.5%, whereas the benchmark index has advanced by 9.1%. Despite this, the stock’s three- and five-year returns remain impressive, with gains exceeding 276% and 7,800% respectively, far outpacing the Sensex’s corresponding returns.
Trading Activity and Technical Indicators
On the day of ...
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