Recent Price Movement and Relative Performance
The stock’s decline on 08-Dec was sharper than the sector’s overall fall of 2.33%, with Sreeleathers underperforming its peers by 1.65% on the day. Intraday, the share price touched a low of ₹222.15, representing a 4.53% drop from its previous close, underscoring the selling pressure faced during the session. This underperformance is consistent with the stock’s recent trend, as it has lagged behind the benchmark Sensex over multiple time frames. For instance, over the past week, Sreeleathers fell by 1.76%, while the Sensex declined by only 0.63%. Over the year-to-date period, the stock has lost 12.83%, contrasting sharply with the Sensex’s gain of 8.91%.
Technical Indicators Point to Weakness
From a...
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