Recent Price Movement and Market Context
On 01-Dec, Bhandari Hosiery’s stock closed at ₹4.14, down by ₹0.14 or 3.27% from the previous session. This decline marked the stock’s new 52-week low of ₹4.11, underscoring the persistent weakness in investor sentiment. The stock has underperformed its sector by 2.11% on the day, signalling relative fragility compared to its peers.
Moreover, the stock has been on a consecutive seven-day losing streak, shedding 7.59% over this period. This sustained fall highlights a lack of buying interest and growing selling pressure among shareholders. The downward momentum is further emphasised by the fact that Bhandari Hosiery is trading below all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — a t...
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