News and Views
Recent Price Movement and Market Context
Despite the positive movement on 12-Dec, Promact Impex’s stock has experienced a challenging period over the short and medium term. Year-to-date, the stock has declined by 19.25%, significantly underperforming the Sensex, which has gained 9.12% over the same period. Similarly, over the past month, the stock fell by 8.78%, contrasting with the Sensex’s modest 0.95% rise. Even on a one-week basis, the stock’s return of -1.83% lagged behind the benchmark’s -0.52%. These figures highlight the stock’s recent struggles amid broader market resilience.
However, the longer-term performance tells a different story. Over three years, Promact Impex has delivered an impressive 181.58% return, substantially outperforming the Sensex’s 37.24% g...
Read More
