Recent Price Movement and Market Comparison
The stock has been under pressure over the past week, falling by 5.85%, significantly underperforming the Sensex, which declined by only 0.40% in the same period. This underperformance extends over longer time frames as well, with the stock down 8.88% in the last month, while the Sensex remained nearly flat, declining just 0.23%. Year-to-date figures reveal a stark contrast: Suryalakshmi Cotton Mills has lost 34.14% of its value, whereas the Sensex has gained 8.12%. Over the past year, the divergence is even more pronounced, with the stock down 40.30% against a 5.36% rise in the benchmark index.
Technical Indicators and Trading Patterns
On 18-Dec, the stock opened with a gap down of 2.16%, signalling i...
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