Short-Term Price Performance and Market Sentiment
Century Plyboard’s stock has underperformed in the immediate term, registering a 5.75% loss over the past week while the Sensex gained 0.79% in the same period. The stock has been on a six-day losing streak, cumulatively declining by 6.53%. On 21-Nov, the share price touched an intraday low of ₹745.15, marking a 2.79% drop from the previous close. This short-term weakness is further underscored by the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling bearish technical momentum.
Investor participation appears to be waning, with delivery volumes on 20-Nov falling sharply by 63.22% compared to the five-day average. This decline in trading activity su...
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