Extended Underperformance Against Benchmarks
Shivalik Rasayan’s recent price action is part of a longer-term pattern of underperformance. Over the past week, the stock has declined by 9.52%, vastly outpacing the modest 0.63% fall in the Sensex. The disparity grows more pronounced over monthly and yearly horizons, with the stock down nearly 21% in one month and over 54% in the last year, while the Sensex has gained 2.27% and 4.15% respectively during these periods. Even over three and five years, Shivalik Rasayan’s returns remain deeply negative, contrasting sharply with the Sensex’s robust gains of 36.01% and 86.59%. This persistent weakness signals ongoing challenges for the company relative to the broader market.
Price Action and Technical Indicators...
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