News and Views
Recent Price Movement and Market Context
Usha Martin Ltd’s shares have experienced a notable decline in recent weeks, underperforming both its sector and broader market indices. Over the past week, the stock dropped 3.61%, compared to the Sensex’s 2.43% fall. The one-month performance shows a sharper decline of 11.56%, significantly worse than the Sensex’s 4.66% decrease. Year-to-date, the stock is down 9.93%, nearly double the benchmark’s 4.32% fall. This recent weakness contrasts with the company’s strong longer-term returns, including a 21.27% gain over the last year, outperforming the Sensex’s 6.56% and the BSE500’s 5.14% returns.
On 23-Jan, the stock touched an intraday low of ₹407.95, marking a 2.93% drop during the session. It also underperformed its sector by 1...
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