Recent Price Movements and Market Performance
On 08 December, Confidence Petroleum hit a new 52-week low of ₹34.3, marking a significant milestone in its recent price decline. The stock has been on a losing streak for four consecutive days, shedding approximately 8.7% in that period alone. This underperformance is stark when compared to the Sensex, which declined by only 0.63% over the same week. Over the past month, the stock has fallen by 15.17%, while the Sensex gained 2.27%. Year-to-date, the stock has plummeted by over 50%, in contrast to the Sensex’s positive return of nearly 9%. These figures underscore the stock’s persistent weakness in both short and long-term horizons.
Intraday trading patterns further reveal that the weighted average price was closer to the ...
Read More













