Short-Term Price Movement and Market Performance
Over the past week, Anka India’s stock has declined by 5.23%, contrasting sharply with the near-flat performance of the Sensex, which gained a marginal 0.01% during the same period. The one-month picture is even more pronounced, with the stock falling 26.09% while the Sensex rose 2.70%. This divergence highlights a period of weakness for Anka India in the short term, despite its strong historical gains.
Indeed, the stock has been on a downward trajectory for three consecutive days, losing nearly 12% in that span. The intraday low of ₹45.15 on 05-Dec reflects this sustained selling pressure. The weighted average price for the day indicates that a larger volume of shares traded closer to this low, suggesting that sellers d...
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