Steep Price Decline and Underperformance Against Benchmarks
The stock’s recent price movement has been notably weak. Over the past week, Tomorrow Technologies has declined by 15.02%, substantially underperforming the Sensex, which fell by only 2.43% during the same period. This underperformance extends over longer horizons as well, with a one-month loss of 19.02% compared to the Sensex’s 4.66% drop, and a year-to-date decline of 20.19% against the benchmark’s modest 4.32% fall. The disparity is even more pronounced over the past year, where the stock has plummeted 42.85% while the Sensex gained 6.56%. These figures highlight a persistent weakness in the stock’s price action relative to the broader market.
Technical Indicators Point to Bearish Momentum<...
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