Steep Decline Against Market Benchmarks
The stock’s recent performance starkly contrasts with broader market trends. Over the past week, Parsvnath Developers has fallen by 13.83%, significantly underperforming the Sensex’s modest 2.55% decline. This downward trajectory extends over longer periods, with the stock losing 24.61% in the last month and 57.97% over the past year, while the Sensex has gained 7.67% during the same timeframe. Even over three and five years, Parsvnath’s returns lag behind the benchmark, underscoring sustained investor scepticism.
Technical Indicators and Market Sentiment
On the technical front, Parsvnath Developers hit a new 52-week low of ₹8.88 on 09-Jan, signalling persistent selling pressure. The stock is trading below...
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