Recent Price Movement and Market Context
BIGBLOC Construction’s share price has experienced a notable dip over the last two trading sessions, falling by approximately 7.41% during this period. On 01-Dec, the stock touched an intraday low of ₹62.66, marking a 2.41% decline from the previous close. This downward movement contrasts sharply with the stock’s strong performance over the preceding week and month, where it surged by 18.64% and 22.65% respectively, significantly outpacing the Sensex’s modest gains of 0.87% and 2.03% over the same periods.
Despite this recent setback, BIGBLOC Construction remains well above its short- and long-term moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests that the stock’s overall trend remains positive, even as it faces short-term pressure.
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Investor Participation and Liquidity Trends
A key factor contributing to the recent price decline appears to be a significant drop in investor participation. Delivery volume on 28 Nov was recorded at 1.76 lakh shares, representing a sharp 60.45% decrease compared to the five-day average delivery volume. This decline in active buying interest likely exerted downward pressure on the stock price, as fewer investors were willing to hold shares at prevailing levels.
Liquidity remains adequate, with the stock’s trading volume supporting a trade size of approximately ₹0.15 crore based on 2% of the five-day average traded value. However, the weighted average price for the day indicates that a larger volume of shares was traded closer to the day’s low, signalling selling pressure and a lack of strong demand at higher price points.
Long-Term Performance Versus Benchmark
Examining BIGBLOC Construction’s performance over longer horizons reveals a mixed picture. While the stock has delivered an extraordinary 567.91% return over five years, vastly outperforming the Sensex’s 91.78% gain, its recent year-to-date and one-year returns have been disappointing. The stock has declined by 40.12% year-to-date and 44.05% over the past year, in stark contrast to the Sensex’s positive returns of 9.60% and 7.32% respectively. This divergence highlights the stock’s volatility and the challenges it faces in sustaining momentum amid broader market conditions.
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Conclusion: Short-Term Weakness Amid Long-Term Strength
The recent decline in BIGBLOC Construction’s share price on 01-Dec can be attributed primarily to short-term selling pressure and diminished investor participation, despite the stock’s strong technical positioning above key moving averages. The weighted average price skewed towards the day’s low and the consecutive two-day fall suggest cautious sentiment among traders. However, the stock’s robust weekly and monthly gains indicate underlying strength that could support a recovery if buying interest returns.
Investors should weigh the stock’s impressive five-year outperformance against its recent volatility and underperformance relative to the broader market over the past year. Monitoring delivery volumes and price action in the coming sessions will be crucial to gauge whether the current dip represents a temporary correction or a more sustained pullback.
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