Thakral Services Experiences Increased Buying Activity Amid Ongoing Price Declines

Thakral Services (India) Ltd is currently witnessing significant buying activity, despite its recent performance showing a downward trend. Over the past day, the stock has declined by 4.39%, contrasting with the Sensex's modest gain of 0.41%. This trend continues over the week, with Thakral Services down 6.93% compared to the Sensex's increase of 0.91%.
In the longer term, the stock has faced substantial challenges, with a staggering 50.75% drop over the past month and an 85.29% decline over the last three months. Year-to-date, it has fallen by 81.25%, while the Sensex has risen by 4.28%. Notably, Thakral Services is trading close to its 52-week low, just 0.92% away from Rs 9.71.

The stock is currently underperforming its sector by 4.57% and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The persistent buying pressure may be attributed to various market dynamics, including potential strategic repositioning by investors amid the stock's recent volatility.