Extended Underperformance Against Benchmarks
Rudra Ecovation’s share price has been under considerable pressure over the past year and beyond. The stock has declined by 58.29% over the last 12 months, starkly contrasting with the Sensex’s 4.04% gain during the same period. Year-to-date, the stock has fallen 57.65%, while the Sensex has advanced by 8.55%. Even over the last month, Rudra Ecovation has shed 21.55%, whereas the benchmark index has recorded a modest 1.13% increase. This persistent underperformance highlights the challenges the company faces in regaining investor confidence amid broader market gains.
Technical Indicators Signal Weakness
On the technical front, the stock is trading below all major moving averages, including the 5-day, ...
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