News and Views
Recent Price Movement and Market Context
Shankara Building Products has been on a downward trajectory over the past week, with the stock falling 3.59% while the Sensex marginally rose by 0.20%. Over the last month, the stock’s decline has been even more pronounced at 17.51%, significantly underperforming the benchmark index, which dipped only 0.46% in the same period. Year-to-date, the stock has plummeted 33.77%, contrasting sharply with the Sensex’s 8.22% gain. This trend extends over longer horizons as well, with the stock delivering a negative 35.51% return over the past year, while the Sensex appreciated by 4.80%. Over three and five years, the stock has lagged considerably behind the benchmark, underscoring sustained underperformance.
On 17-Dec, the stock hit a ne...
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