Extended Downtrend Against Market Benchmarks
Signet Industries has been struggling to keep pace with the broader market indices, as evidenced by its returns over various time frames. Over the past week, the stock declined by 3.36%, while the Sensex gained 0.87%. This divergence is even more pronounced over the last month, with Signet falling 14.65% compared to a 2.03% rise in the Sensex. Year-to-date figures reveal a stark contrast: the stock has lost 29.81% of its value, whereas the Sensex has appreciated by 9.60%. Similarly, over the last year, Signet’s share price has dropped by 27.95%, while the benchmark index rose by 7.32%.
Although the stock has delivered positive returns over the longer term—posting a 25.84% gain over three years and an impressive 119.61% over ...
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