Short-Term Performance Lagging Behind Benchmarks
Zenith Steel’s recent returns reveal a challenging period for investors. Over the past week, the stock has declined by 4.69%, significantly underperforming the Sensex, which recorded a modest fall of 0.52% during the same timeframe. The one-month performance further emphasises this weakness, with Zenith Steel dropping 9.31%, while the Sensex gained 1.13%. Year-to-date figures also highlight the stock’s struggles, showing a decline of 8.97% compared to the Sensex’s robust 8.55% gain. Over the last year, the stock has fallen 17.49%, whereas the Sensex has managed a positive return of 4.04%.
These figures indicate that Zenith Steel has been unable to keep pace with the broader market and its sector peers, suggesting underly...
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