Recent Price Movement and Market Context
Zenith Fibres’ share price decline on 24 Nov aligns with a broader trend of underperformance when compared to the Sensex. Over the past week, the stock has fallen by 0.78%, while the Sensex remained nearly flat with a marginal decline of 0.06%. This divergence becomes more pronounced over longer periods, with Zenith Fibres posting a 1-month loss of 2.85% against the Sensex’s gain of 0.82%. Year-to-date, the stock has declined sharply by 18.87%, contrasting starkly with the Sensex’s robust 8.65% gain. Similarly, over the last one and three years, Zenith Fibres has recorded losses of 17.31% and 13.83% respectively, while the Sensex has delivered positive returns of 7.31% and 36.34% over the same periods.
Even over a five-year hori...
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