Recent Price Movement and Market Performance
Despite opening the day with a positive gap of 2.83%, the stock was unable to sustain gains and ultimately fell below its opening level. Intraday, Andhra Cements touched a high of ₹71.29, reflecting the initial optimism, but also recorded a low of ₹66.88, indicating selling pressure later in the session. The weighted average price suggests that a greater volume of shares traded closer to the lower end of the day’s range, signalling bearish sentiment among investors.
The stock has been on a downward trajectory for three consecutive days, cumulatively losing 5.17% over this period. This short-term weakness is further underscored by the fact that Andhra Cements is trading below all key moving averages, including the 5-day, 20-d...
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