Recent Price Movement and Market Performance
On 24 November, Balaji Amines closed at ₹1,121.60, down ₹56.75 or 4.82% from the previous session. The stock has been on a downward trajectory for two consecutive days, losing 6.11% over this period. Intraday, it touched a low of ₹1,088.60, marking a fresh 52-week low and signalling sustained selling pressure. The weighted average price indicates that a significant volume of shares traded near this low, underscoring bearish sentiment among market participants.
Further compounding the negative momentum, the stock underperformed its sector by 2.9% on the day. It is trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – which typically signals a weak technical outlook and diminished investor confi...
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