Recent Price Movement and Market Context
On 11 December, Coromandel International’s shares fell by ₹23.95, or 1.05%, closing at ₹2,260. This decline follows a two-day losing streak during which the stock has dropped approximately 4.57%. The intraday low touched ₹2,235, marking a 2.14% dip from the previous close. Notably, the stock underperformed its sector by 0.39% on the day, signalling some short-term investor caution.
From a technical perspective, the share price remains above its 50-day and 200-day moving averages, indicating a generally positive medium- to long-term trend. However, it is currently trading below its 5-day, 20-day, and 100-day moving averages, which may be contributing to the recent downward pressure as short-term momentum wanes.
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