Recent Price Movements and Market Context
On 09-Jan, the stock closed at ₹1,623.05, down by ₹10.7 or 0.65%. This decline follows a two-day losing streak during which the stock fell by 2.76%. Intraday, it touched a low of ₹1,601.05, marking a 2% drop from previous levels. The share price remains close to its 52-week low, just 3.59% above the lowest point of ₹1,564.8, signalling persistent weakness in investor sentiment.
Trading volumes have also shown signs of waning investor participation, with delivery volumes on 08 Jan falling by 3.9% compared to the five-day average. Although liquidity remains adequate for moderate trade sizes, the stock is trading below all key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—indicating a bearish technical trend.













