News and ViewsPersistent Downtrend Evident in Price Movements
Ucal’s shares have been under pressure for several weeks, with the stock registering a loss of 8.50% over the past week compared to a marginal 0.53% decline in the Sensex. Over the last month, the stock has fallen by 12.58%, while the Sensex has gained 2.16%, highlighting a significant divergence from the benchmark’s positive momentum. Year-to-date, Ucal’s performance has been particularly weak, with a steep decline of 44.31%, in stark contrast to the Sensex’s 9.12% gain. This underperformance extends over longer horizons as well, with the stock down nearly 39% over the past year, while the Sensex has advanced by 5.32%.
Such sustained negative returns indicate that investors have been consistently selling the stock, refle...
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