Recent Price Movement and Market Context
Choksi Asia’s shares opened sharply lower on 21-Nov, with an opening gap down of 4.99%, signalling immediate selling pressure from the outset of trading. The stock also touched an intraday low of ₹109.55, mirroring the opening weakness. The weighted average price for the day was closer to this low, indicating that a significant volume of shares traded near the bottom end of the day’s range. This suggests that sellers dominated the session, pushing prices down throughout the day.
Adding to the bearish sentiment, the stock underperformed its sector by 2.1% on the day, highlighting relative weakness compared to peers. Over the last two days, Choksi Asia has declined by 6.61%, marking a notable short-term correction after recent gai...
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