Recent Price Movement and Market Comparison
The stock’s recent performance has been notably weak, with a one-week return of -11.32%, starkly contrasting with the Sensex’s marginal decline of -0.21% over the same period. Over the past month, Nitiraj Engineers has declined by 7.00%, whereas the Sensex has gained 0.64%. Year-to-date figures further highlight the stock’s underperformance, showing a negative return of 19.49% compared to the Sensex’s positive 9.79%. Even on a one-year basis, the stock has fallen by 15.42%, while the benchmark index has appreciated by 8.58%. These figures indicate that Nitiraj Engineers is lagging significantly behind the broader market, signalling investor concerns or lack of confidence in the company’s near-term prospects.
Technical...
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