News and Views
Recent Price Movement and Market Comparison
Prince Pipes has experienced a sustained decline over the past week, falling by 7.45%, significantly underperforming the Sensex, which declined by only 2.55% in the same period. Year-to-date, the stock has dropped 7.04%, again lagging behind the broader market index's 1.93% fall. This underperformance extends over longer horizons, with the stock losing 39.75% in the last year, while the Sensex gained 7.67%. Over three and five years, the disparity widens further, with Prince Pipes declining 59.48% and 18.56% respectively, contrasted with Sensex gains of 37.58% and 71.32% over the same periods.
On the trading day of 09 January, the stock underperformed its sector by 0.95%, hitting an intraday low of ₹242, down 2.67%. The share...
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