Recent Price Movement and Market Performance
On 16 December, Popular Vehicles underperformed its sector and benchmark indices, with the stock falling by 1.86% to ₹121.60. Intraday, it touched a low of ₹120.20, marking a 2.99% decline. The stock’s performance over recent periods has been notably poor, with a one-week return of -3.26% compared to the Sensex’s marginal gain of 0.02%. Over the past month, the stock has plunged 18.39%, while the Sensex gained 0.14%. Year-to-date, Popular Vehicles has declined by 21.55%, in stark contrast to the Sensex’s 8.37% rise. The one-year return is even more concerning, with the stock down 32.78% against the Sensex’s 3.59% gain.
Technical indicators also signal weakness, as the stock is trading below all key moving averages, including...
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