Extended Downtrend and Relative Underperformance
Shalimar Paints has been on a consistent decline over recent periods, with the stock registering a 4.48% loss over the past week compared to a modest 0.53% drop in the Sensex. The disparity becomes more pronounced over longer horizons: the stock has fallen 16.75% in the last month while the Sensex gained 2.16%. Year-to-date figures reveal a stark contrast, with Shalimar Paints down nearly 49.5%, whereas the benchmark index has risen by over 9%. This trend extends further back, with the stock underperforming the Sensex by wide margins over one, three, and five-year periods. Such sustained underperformance signals structural or sentiment-related issues impacting investor confidence in the company.
Technical Indicat...
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