Extended Downtrend Against Market Benchmarks
Supertex Industries Ltd’s recent price movement is part of a sustained period of underperformance relative to the Sensex. Over the past week, the stock has declined by 7.44%, while the Sensex has gained 1.00%. This negative divergence extends over longer timeframes, with the stock falling 12.57% in the last month compared to a modest 0.60% rise in the Sensex. The year-to-date figures are even more stark: Supertex Industries has lost 40.97% of its value, whereas the Sensex has appreciated by 9.30%. Over the last year, the stock’s decline of 45.08% contrasts with the Sensex’s 8.84% gain, highlighting a persistent weakness in the company’s share price.
Looking further back, the three-year performance of Supertex Industries show...
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