Recent Price Movement and Market Context
The stock has been under pressure for several sessions, marking a consecutive three-day fall with a cumulative loss of 5.59%. This recent weakness is more pronounced than the sector’s performance, with the stock underperforming its peers by 2.36% on the day. Intraday trading saw the share price dip to a low of ₹245, representing a 5.33% decline from recent levels, signalling persistent selling interest during the session.
Further compounding the bearish sentiment, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low rather than the high, suggesting that sellers dominated trading activity. This pattern often reflects a lack of buying conviction and can foreshadow continued do...
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