EFC (I) Faces Significant Volatility Amid Broader Market Challenges and Declining Trends

EFC (I) has experienced significant volatility in today's trading session, with the stock declining by 10.28% as of January 24, 2025. This performance marks a notable underperformance compared to its sector, lagging by 7.87%. After two consecutive days of gains, the stock has reversed its trend, hitting an intraday low of Rs 526.65, which represents a drop of 14.3%. The trading activity has been characterized by high volatility, with an intraday fluctuation of 7.33%. In terms of moving averages, EFC (I) is currently positioned above its 100-day and 200-day moving averages, yet it remains below the 5-day, 20-day, and 50-day moving averages, indicating mixed short-term and long-term trends. Over the past month, EFC (I) has seen a decline of 15.78%, contrasting with the Sensex's modest decrease of 2.02%. As part of the Reliable Performers category on MarketsMOJO since October 28, 2024, EFC (I) continues to navigate a challenging market environment.