News and Views
Persistent Downtrend Evident in Price Performance
The stock’s recent performance starkly contrasts with broader market benchmarks. Over the past week, Praxis Home has declined by 15.75%, while the Sensex remained virtually flat, dipping only 0.06%. This negative momentum extends over longer periods, with the stock falling 17.77% in the last month compared to a 0.82% gain in the Sensex. Year-to-date, Praxis Home has plummeted 45.64%, whereas the Sensex has advanced 8.65%. The disparity is even more pronounced over one, three, and five-year horizons, where the stock has lost more than half its value, while the Sensex has delivered robust gains ranging from 7.31% to 90.69%.
Technical Indicators Signal Weakness
From a technical standpoint, Praxis Ho...
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