Strong Price Momentum and Market Outperformance
The stock’s rise on 29-Dec is underscored by its opening gap up, where it began trading at ₹11.07, maintaining this price throughout the day without any downward fluctuation. This stability at a new high signals strong investor confidence and buying interest. Notably, P.M. Telelinnks outperformed its sector by 10.85% on the day, indicating a relative strength that sets it apart from peers.
Examining the stock’s returns against the Sensex benchmark reveals a remarkable trend. Over the past month, P.M. Telelinnks gained 10.15%, while the Sensex declined by 1.18%. The year-to-date (YTD) return for the stock stands at an impressive 88.59%, vastly exceeding the Sensex’s 8.39% gain. Over the last year, the stock more than doubl...
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