Recent Price Movement and Market Context
On 16 December, Balmer Lawrie’s shares fell by ₹2.35, marking a reversal after four consecutive days of gains. The stock underperformed its sector by 0.52% on the day, trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness signals a lack of upward momentum and suggests that investors are cautious about the stock’s near-term prospects.
Investor participation has also waned, with delivery volumes on 15 December dropping by 9.18% compared to the five-day average, indicating reduced buying interest. Despite this, the stock remains sufficiently liquid for moderate trade sizes, supporting continued market activity.











