News and Views
Recent Price Movement and Market Performance
The stock has underperformed considerably over multiple time horizons. In the past week, it declined by 6.03%, compared to the Sensex’s modest fall of 1.73%. Over the last month, the stock’s loss widened to 11.20%, far exceeding the benchmark’s 3.24% drop. Year-to-date, Renaissance Global has shed 9.54%, while the Sensex fell by only 3.57%. Most notably, the stock has delivered a steep negative return of 43.51% over the last year, in stark contrast to the Sensex’s 6.63% gain. Even over three and five years, the stock’s returns lag behind the benchmark, with a 16.43% gain versus Sensex’s 35.56% over three years, though it has outperformed the Sensex over five years with an 87.99% gain compared to 65.05%.
On the trading day of...
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