News and Views
Recent Price Movement and Market Context
The stock’s rise on 28-Nov is part of a short-term upward trend, having gained over 10% in the last two days. This consecutive gain is significant given the stock’s broader performance, which has been under pressure over the past year and beyond. While the Sensex has delivered positive returns of 8.43% over the last year, Noida Toll Bridge’s shares have declined by over 70% in the same period. This divergence highlights the stock’s recent rally as a potential technical rebound rather than a reversal of its longer-term downtrend.
Over the past week and month, the stock has outperformed the benchmark index substantially, with returns of 8.28% and 7.29% respectively, compared to the Sensex’s modest gains of 0.56% and 1.27%. This re...
Read More
