Persistent Downward Momentum
Sumedha Fiscal’s recent price action reflects a challenging period for the stock. Over the past week, the share price has fallen by 6.85%, significantly underperforming the Sensex benchmark, which declined by only 0.40% during the same period. This underperformance extends to longer durations as well, with the stock down 5.48% over the last month compared to a marginal 0.30% dip in the Sensex.
More strikingly, the year-to-date (YTD) performance reveals a steep decline of 48.84%, contrasting sharply with the Sensex’s robust gain of 8.69%. Over the past year, the stock has lost 53.71%, while the Sensex has appreciated by 7.21%. Even over three and five-year horizons, Sumedha Fiscal’s returns lag the benchmark considerably, with a 54.43% loss ...
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