Recent Price Movement and Market Context
Simplex Castings has demonstrated remarkable long-term performance, with a year-to-date gain of 71.08% and a one-year return of 72.20%, significantly outperforming the Sensex, which posted 8.55% and 4.04% returns respectively over the same periods. Over three and five years, the stock’s appreciation has been extraordinary, delivering returns of 972.64% and 2845.36%, dwarfing the benchmark’s 36.40% and 83.99% gains. Despite this robust track record, the stock has experienced a mild pullback in the last week, declining 2.52% compared to the Sensex’s 0.52% fall.
On 11-Dec, the stock opened with a gap down of 2.88%, signalling early selling pressure. Although it managed to touch an intraday high of ₹559, representing a 2.31% gain fr...
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