Persistent Downtrend Against Market Benchmarks
Zenotech Laboratories has been struggling to keep pace with the broader market indices, as evidenced by its recent returns. Over the past week, the stock fell by 1.64%, more than double the Sensex’s modest decline of 0.59%. The divergence becomes even more pronounced over longer periods. In the last month, while the Sensex gained 1.34%, Zenotech’s shares declined by 6.23%. Year-to-date figures reveal a stark contrast, with the stock down 33.43% compared to the Sensex’s 8.92% gain. Over one year, the stock has lost 37.10%, whereas the Sensex rose by 5.27%. Even over three and five years, Zenotech’s returns lag significantly behind the benchmark, highlighting a sustained period of underperformance.
Technical Indicato...
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