Recent Price Movement and Market Performance
The stock has been under pressure for the past fortnight, with a one-week return of -6.24% compared to the Sensex’s modest decline of -0.39%. Over the last month, the stock’s fall has been even more pronounced at -20.43%, far exceeding the benchmark’s -3.74% drop. Year-to-date, the stock has lost 22.37%, while the Sensex has declined by only 3.95%. The most striking contrast is seen over the past year, where Power & Instrumentation’s shares have plummeted by 69.38%, whereas the Sensex has gained 8.61%.
On 27-Jan, the stock hit an intraday low of Rs 99.10, marking a new 52-week low. The weighted average price indicates that a larger volume of shares traded near this low, signalling selling pressure. Additionally, the stoc...
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