Short-Term Price Movement and Market Sentiment
The stock has been on a downward trajectory over the past week, registering a loss of 7.33%, in stark contrast to the Sensex which gained 0.42% during the same period. This recent weakness is further underscored by the stock's consecutive three-day decline, accumulating a 7.72% loss in that timeframe. Intraday price action on 22-Dec showed volatility, with the share touching a high of ₹48.80, up 3.02%, before retreating to a low of ₹45.50, down 3.95%. The weighted average price indicates that a greater volume of shares traded closer to the day's low, signalling selling pressure prevailing over buying interest.
Adding to the bearish sentiment, investor participation appears to be waning. Delivery volume on 19-Dec was record...
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