Recent Price Movement and Sector Context
Bajaj Hindusthan’s share price closed at ₹18.73, down ₹0.85 or 4.34% on the day, continuing a downward trend over the past two sessions with a cumulative loss of 5.31%. This decline notably outpaced the broader sugar sector, which itself fell by 2.83% on the same day. The stock’s underperformance relative to its sector by 1.43% highlights company-specific challenges exacerbating the sector-wide pressures.
Moreover, the stock is trading below all key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—indicating a sustained bearish momentum. Investor participation has also waned, with delivery volumes on 5 December dropping by over 30% compared to the five-day average, signalling reduced buying interest amid the downtrend...
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