News and Views
Sharp Decline Against Market Benchmarks
Palm Jewels’ recent price movement starkly contrasts with the performance of the Sensex, which has shown modest gains over comparable periods. Over the past week, the stock declined by 4.36%, while the Sensex edged down only 0.40%. The disparity widens over longer durations, with Palm Jewels falling 11.27% in the last month compared to a marginal 0.23% drop in the Sensex. Year-to-date figures reveal a more pronounced divergence: the stock has plummeted 37.99%, whereas the Sensex has gained 8.12%. This underperformance extends to the one-year horizon, where Palm Jewels is down 31.61% against the Sensex’s 5.36% rise.
New 52-Week Low and Intraday Volatility
On 18-Dec, Palm Jewels hit a new 52-week low of ₹16....
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