Recent Price Movement and Market Context
Blue Dart Express has been under pressure in recent sessions, with the stock hitting a new 52-week low of ₹5,393 during intraday trading on the same day. The share price has declined for four consecutive days, accumulating a loss of 3.55% over this period. This decline is sharper than the broader sector’s movement, although the stock’s performance today was broadly in line with its sector peers. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has also waned, as evidenced by a 15.81% drop in delivery volume on 05 Dec compared to the five-day average, indicating reduced buying interest. D...
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