Steep Decline in Share Price and Underperformance
The stock opened the day with a gap down of 5.35%, signalling immediate bearish sentiment among investors. Throughout the trading session, TGB Banquets continued to weaken, hitting an intraday low of ₹9.50, marking a 10.8% decline by the close. This performance starkly contrasts with the broader market, as the Sensex recorded a modest gain of 0.63% over the past week, while TGB Banquets fell by 12.12% during the same period.
Moreover, the stock has underperformed its sector by 9.25% on the day, indicating sector-specific pressures or company-specific concerns that have weighed heavily on investor confidence. The consistent downward momentum is further underscored by the stock trading below all key moving averages, inclu...
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