Short-Term Price Performance and Market Sentiment
The stock has underperformed significantly in the short term, with a one-week return of -6.94% compared to the Sensex’s positive 1.59% gain. Over the past month, Cigniti’s shares have declined by 7.84%, outpacing the broader market’s modest fall of 1.74%. Year-to-date, the stock is down 7.86%, again underperforming the Sensex’s 1.92% decline. This recent weakness is further underscored by the stock’s three consecutive days of losses, during which it has shed nearly 9.81% of its value.
On the day in question, the stock touched an intraday low of ₹1,503.35, representing a 4.08% drop from the previous close. The weighted average price indicates that a greater volume of shares traded closer to this low, signalling selling p...
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