News and Views
Short-Term Price Movement and Market Performance
The stock has been under pressure over the past week, registering a sharp decline of 15.30%, significantly underperforming the Sensex, which fell by only 0.52% during the same period. Over the last month, the stock’s fall has been even more pronounced at 18.54%, contrasting with a 1.13% gain in the benchmark index. This recent weakness is further highlighted by the stock’s seven consecutive days of losses, resulting in a cumulative decline of 19.6% during this period.
On 11-Dec, the stock touched an intraday low of ₹219.65, representing a 5% drop from previous levels. The weighted average price for the day indicates that a larger volume of shares traded closer to this low price, signalling selling pressure. Additionally,...
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