Recent Price Movements and Market Context
Bajaj Electricals has been under pressure in recent trading sessions, with the stock hitting a new 52-week low of ₹481.60 on the day. Despite an intraday high of ₹529.90, representing an 8.43% surge, the stock ultimately settled near its lows, indicating selling pressure. The share price has declined for two consecutive days, accumulating a 1.58% loss over this period. Notably, the weighted average price suggests that higher volumes were traded closer to the lower price levels, signalling bearish sentiment among investors.
The stock’s trading range was wide at ₹48.3, reflecting volatility, but it remains below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – underscoring a sustained downtrend. Investor pa...
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