Recent Price Movement and Market Context
On 09 January, Surat Trade & Merchantile Ltd closed at ₹4.87, down by 2.01% or ₹0.10 from the previous session. The stock also hit a new 52-week low of ₹4.67 during the day, signalling ongoing bearish sentiment among investors. This decline is more pronounced than the broader market, with the stock underperforming its sector by 0.64% on the day. Over the past week and month, the stock has fallen by 4.51% and 6.35% respectively, significantly lagging the Sensex’s more modest declines of 2.55% and 1.29% over the same periods.
Year-to-date, the stock has declined by 2.99%, again underperforming the Sensex’s 1.93% drop. The longer-term trend is even more concerning, with the stock delivering a negative return of 37.88% over the ...
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