Persistent Underperformance Against Benchmarks
Plastiblends India Ltd has been struggling to gain positive momentum relative to the Sensex, India's benchmark index. Over the past week, the stock has fallen by 2.88%, significantly underperforming the Sensex's modest decline of 0.59%. The divergence becomes more pronounced over longer periods, with the stock declining 9.57% in the last month while the Sensex gained 1.34%. Year-to-date figures reveal a stark contrast: Plastiblends has lost 33.15% of its value, whereas the Sensex has appreciated by 8.92%. Over the last year, the stock has plunged nearly 39%, while the Sensex rose by 5.27%. Even over three and five years, Plastiblends has lagged considerably, with losses of 13.64% and 39.96% respectively, compared to Sensex gains ...
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