Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past two days, cumulatively losing 4.22% in returns during this period. On the day in question, the share price touched an intraday low of ₹381, representing a 3.2% decline from its previous close. This intraday weakness was accompanied by a weighted average price indicating that a greater volume of shares traded closer to the lower price levels, signalling selling pressure among investors.
In comparison to the broader market, Competent Automobiles has significantly lagged behind. Over the past week, the stock declined by 0.43%, whereas the Sensex gained 0.56%. This underperformance is even more pronounced over longer periods: the stock has fallen 4.85% in the last month while ...
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