Recent Price Movements and Market Performance
Orient Cement’s stock has been under pressure in the short term, hitting a new 52-week low of ₹176.65 on 21-Nov. The stock has declined by 4.26% over the past week and 17.75% in the last month, significantly underperforming the Sensex, which gained 0.79% and 0.95% respectively over the same periods. Year-to-date, the stock has plummeted by 48.28%, contrasting sharply with the Sensex’s 9.08% rise. Over the last year, the stock’s return stands at -45.16%, while the benchmark index advanced by 10.47%. These figures underscore a sustained period of underperformance relative to the broader market.
Technical indicators also paint a bearish picture. Orient Cement is trading below all key moving averages, including the 5-day, 20-da...
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