Short-Term Price Movement and Market Reaction
The stock opened with a gap down of 6.45%, setting a negative tone for the trading session. Throughout the day, the price fluctuated within a wide range of ₹9.85, touching an intraday low of ₹98.10, which represents a 9.54% decline from the previous close. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated the session.
Adding to the bearish sentiment, the stock underperformed its sector by 7.19% on the day, highlighting a relative weakness compared to its peers. This underperformance is particularly striking given the stock’s historically strong performance over longer periods.
Technical Indicators and Investor Participatio...
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