Persistent Downtrend and Market Underperformance
Shiva Cement’s recent price action highlights a significant weakening in investor sentiment. The stock has been falling consecutively for five trading sessions, accumulating a loss of 6.73% over the past week. This contrasts sharply with the Sensex, which has gained 0.79% in the same period, underscoring the stock’s relative weakness. The month-to-date performance further emphasises this trend, with Shiva Cement declining 14.50%, while the Sensex has advanced by nearly 1%.
Year-to-date figures paint an even more challenging picture for shareholders. The stock has plummeted by 40.88%, a stark contrast to the Sensex’s 9.08% gain. Over the last year, Shiva Cement’s share price has dropped by 46.22%, while the benchmark inde...
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