Recent Price Movement and Market Context
The stock opened sharply lower with a gap down of 7.4%, signalling immediate selling pressure at the start of trading. Throughout the day, it touched an intraday low of ₹135, representing a 7.53% decline from the previous close. Despite trading within a narrow range of just ₹0.55, the downward momentum was clear. Notably, Cochin Malabar’s shares have fallen after two consecutive days of gains, indicating a reversal in short-term sentiment.
In comparison, the Rubber Products sector, to which the company belongs, gained 2.97% on the same day, highlighting the stock’s relative weakness. Furthermore, the stock underperformed its sector by over 10.6%, emphasising the extent of its laggard status in the current market environment.
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