Recent Price Movement and Market Context
Permanent Magnets Ltd has experienced a challenging period in the market, with the stock falling by 5.95% over the last three consecutive sessions. Despite a positive weekly return of 3.69%, the stock’s one-month performance remains weak, declining by 11.92%, in stark contrast to the Sensex’s 1.34% gain over the same period. Year-to-date, the stock is down 12.35%, while the broader benchmark index has advanced by 8.92%. This divergence highlights the stock’s underperformance relative to the overall market.
Over longer horizons, Permanent Magnets Ltd has delivered a robust five-year return of 501.10%, significantly outperforming the Sensex’s 90.68% gain. However, its three-year return of 23.79% lags behind the Sensex’s 35.37%, in...
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