News and Views
Recent Price Movement and Market Performance
Prevest Denpro’s shares have been under pressure in the short term, with the stock falling 3.56% over the past week, underperforming the Sensex benchmark which declined by 2.55% in the same period. Year-to-date, the stock has dropped 6.40%, significantly lagging behind the Sensex’s 1.93% decline. Over the last twelve months, the stock’s performance has been particularly weak, plunging 31.04%, while the Sensex has gained 7.67%. This underperformance extends to the medium term as well, with the stock delivering a 24.67% return over three years, trailing the Sensex’s 37.58% gain.
On the day in question, the stock touched an intraday high of ₹502.90, up 3.68%, but ultimately closed near its low of ₹460.05, down 5.15%. The weight...
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