Recent Price Movement and Market Performance
Pennar Industries has experienced a notable decline in its share price, dropping by 2.94% on 05-Dec to close at ₹206.30. This marks the fifth consecutive day of losses, with the stock falling over 10.23% in the past week alone. This underperformance is stark when compared to the benchmark Sensex, which remained virtually flat with a marginal gain of 0.01% over the same period. The stock’s one-month return is even more pronounced in the negative, down 24.87%, while the Sensex gained 2.70% in that timeframe.
Intraday trading on 05-Dec saw the stock touch a low of ₹205, representing a 3.55% decline from the previous close. Furthermore, Pennar Industries is trading below all key moving averages, including the 5-day, 20-day, 50-d...
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