Recent Price Movement and Market Context
The stock’s fall on 08-Dec is part of a broader downward trend, with Praj Industries losing 4.87% over the past week, significantly underperforming the Sensex, which declined by only 0.63% in the same period. Over the last month, the stock has dropped 9.19%, while the benchmark index gained 2.27%. Year-to-date, the stock’s performance has been particularly weak, plunging 63.36%, in stark contrast to the Sensex’s 8.91% rise. This underperformance extends over longer horizons as well, with the stock down 62.02% in the last year and 21.33% over three years, while the Sensex has delivered positive returns of 4.15% and 36.01% respectively.
On the day of the decline, Praj Industries hit an intraday low of ₹300.05, marking a new 52-wee...
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