Recent Price Movement and Sector Context
The stock’s decline on 23-Jan was largely in line with the broader fasteners sector, which itself fell by 2.54%. Sundram Fasteners touched an intraday low of ₹906, representing a 3% dip during the trading session. The stock’s performance over the past week and month also mirrors this downward trend, with returns of -2.57% and -3.54% respectively, slightly underperforming the Sensex benchmark which declined by 2.43% and 4.66% over the same periods. Year-to-date, the stock has dropped 2.74%, while the Sensex has fallen 4.32%, indicating that Sundram Fasteners has marginally outperformed the broader market in the short term despite the recent fall.
However, the longer-term picture is less favourable. Over the past year, Sundram Fas...
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