Persistent Downward Momentum
Birla Cable’s share price has been on a downward trajectory for the past six consecutive trading days, cumulatively losing 6.64% during this period. The stock’s intraday low on 05-Dec touched ₹138, reflecting a 3.06% decline within the session. This consistent fall highlights a weakening investor sentiment and suggests that sellers have dominated trading activity recently.
Further compounding the negative momentum, the weighted average price indicates that a greater volume of shares exchanged hands closer to the day’s low rather than the high, signalling stronger selling pressure. This pattern often reflects cautious or bearish outlooks among market participants, who may be offloading positions amid uncertainty or disappointing fundamentals...
Read More







