Short-Term Price Movement and Trading Activity
Despite outperforming its sector by 0.65% on the day, Bharat Gears has experienced a three-day consecutive decline, resulting in a cumulative loss of 6.34% over this brief period. The stock touched an intraday low of ₹107.80, marking a 3.06% drop from its previous levels. Notably, the weighted average price indicates that a greater volume of shares traded closer to this lower price point, suggesting selling pressure during the session.
Adding to this, investor participation appears to be waning. Delivery volume on 20 Nov stood at 2,340 shares, representing a sharp 80.08% decrease compared to the five-day average delivery volume. This significant drop in delivery volume signals reduced conviction among investors to hold sha...
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