Recent Price Movement and Market Context
Bajaj Healthcare’s current price is perilously close to its 52-week low of ₹398, just 0.87% above this level, signalling persistent downward pressure. The stock underperformed its sector by 2.35% on the day, hitting an intraday low of ₹400.25, a 2.62% decline. Furthermore, the share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend in both short and long-term technical indicators.
Investor participation has also waned, with delivery volumes on 16 Dec falling by 38.13% compared to the five-day average, suggesting reduced buying interest. Despite the stock’s liquidity being sufficient for moderate trade sizes, the lack of robust demand has...
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