New Delhi, March 11 -- Maintaining their losing streak for the second straight day, shares of Mold-Tek Technologies tumbled another 4% in intraday trade on March 11, reaching Rs.444.65. The stock, which saw a one-way surge between April 2020 and July 2023-resulting in a 467% gain-began declining in the following months and has remained in a downtrend to date, losing 58% of its value in 19 months.

The stock has ended the last seven months in the red, with February seeing the sharpest drop of 17%, followed by January with a 14% decline. Despite the steep fall, the stock remains up 137% over the last five years.

The company is one of the key players in rigid plastic packaging in India, specializing in manufacturing injection-molded contain...