Recent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative loss of 8.86%. Despite touching an intraday high of ₹1,597.5, the share price ultimately fell to an intraday low of ₹1,484.05, indicating selling pressure near the day's low. The weighted average price suggests that a larger volume of shares traded closer to the lower end of the price range, signalling bearish sentiment among investors. Furthermore, Cochin Shipyard is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, reinforcing the downtrend.
The broader shipbuilding sector also declined by 2.47% on the same day, indicating that the stock’s fall is partly in line with sectoral weak...
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