Persistent Downtrend Against Market Benchmarks
Polymechplast Machines Ltd has been grappling with a sustained downward trajectory over multiple time horizons. In the past week, the stock has fallen by 6.07%, significantly underperforming the Sensex, which declined by only 0.59% during the same period. This negative momentum extends over longer durations as well, with the stock losing 6.48% in the last month while the Sensex gained 1.34%. Year-to-date figures reveal a stark contrast: Polymechplast’s shares have dropped 26.73%, whereas the Sensex has appreciated by 8.92%. Over the last year, the stock’s decline of 27.40% stands in sharp contrast to the Sensex’s 5.27% gain, underscoring the company’s relative weakness in the current market environment.
Even over a three-y...
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