Stock market today, April 1 -- Even as the market recovered from its recent bottom, some stocks are still under significant pressure, with Motisons Jewellers being one of them, as it extended its losing streak to the sixth consecutive month.

The stock has closed in the red for the past five months and lost another 3.5% of its value in March, taking the six-month cumulative drop to over 38%. From its record high of Rs.33.80 per share, it is now trading 49% lower at Rs.17 apiece. It has been trading on an ex-split basis in a 1:10 ratio since November 8.

Motisons Jewellers, along with its organised peers, continues to face challenges in recovering from the recent downturn, as the sustained rise in gold prices raises concerns over its poten...