News and Views
Recent Price Movement and Market Comparison
Rexnord Electronics has been on a steady decline, hitting a new 52-week low of ₹73 on the day in question. Over the past week, the stock has fallen by 3.53%, contrasting sharply with the Sensex, which remained virtually flat with a marginal gain of 0.01%. The divergence becomes more pronounced over longer periods; in the last month, Rexnord’s shares have dropped 13.31%, while the Sensex gained 2.70%. Year-to-date, the stock has lost 26.87%, whereas the Sensex has risen by 9.69%. Over the past year, the stock’s decline deepened to 40.09%, compared to a 4.83% gain in the benchmark index. Even over three years, Rexnord Electronics has lagged significantly, falling 35.10% while the Sensex surged 36.41%. Despite this, the stock has deliv...
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