News and Views
Prolonged Underperformance Against Sensex
Examining the stock’s returns relative to the benchmark Sensex reveals a stark divergence. Over the past week, Scan Steels has declined by 8.09%, while the Sensex remained virtually flat with a marginal gain of 0.01%. This underperformance has intensified over longer periods, with the stock down 19.35% in one month compared to a 2.70% rise in the Sensex. Year-to-date figures further highlight the disparity, as Scan Steels has lost 31.72% of its value, whereas the Sensex has gained 9.69%. Over one year, the stock’s decline of 39.77% contrasts sharply with the Sensex’s 4.83% appreciation. Even over three and five years, Scan Steels lags behind the benchmark, underscoring persistent weakness relative to broader market gains.
