Recent Price Movement and Market Comparison
Protean eGov’s stock has been on a downward trajectory over the past week, falling 4.3%, significantly underperforming the Sensex, which declined by only 0.63% in the same period. The trend extends over longer horizons, with the stock losing 8.94% in the last month while the Sensex gained 2.27%. Year-to-date, the stock has plummeted by over 60%, in stark contrast to the Sensex’s 8.91% rise. Over the past year, the stock’s return stands at a negative 56.64%, whereas the benchmark index has appreciated by 4.15%. This persistent underperformance highlights investor scepticism about the company’s prospects.
Technical Indicators and Trading Activity
On the day of 08-Dec, Protean eGov’s shares underperformed...
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