Recent Price Movement and Market Context
The stock has demonstrated a notable rebound over the past week, gaining 21.99%, substantially outperforming the Sensex’s modest 2.30% rise during the same period. This surge includes a three-day consecutive gain, with a cumulative return of 14.65%, signalling renewed investor interest. On 03-Feb, the stock opened with a gap up of 6.42% and touched an intraday high of ₹200, marking a 14.58% increase from the previous close. Such price action indicates strong buying momentum, particularly within the engineering sector, which itself advanced by 3.87% on the day.
However, the weighted average price suggests that a larger volume of shares traded closer to the day’s low, hinting at some resistance or profit-taking at higher levels. T...
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