Recent Price Movement and Market Performance
Patel Engineering’s shares have been under significant pressure, hitting a new 52-week low of ₹28.3 on the day. The stock has declined by 5.16% over the past week and 9.34% in the last month, sharply underperforming the Sensex, which gained 1.00% and 0.60% respectively over the same periods. Year-to-date, the stock has plummeted by 43.63%, in stark contrast to the Sensex’s 9.30% rise. Over the last year, the stock’s return stands at a negative 44.30%, while the benchmark index advanced by 8.84%. This sustained underperformance highlights investor concerns about the company’s near-term prospects.
Adding to the bearish sentiment, Patel Engineering has been trading below all key moving averages—5-day, 20-day, 50-day, 100-day, a...
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