Recent Price Movement and Market Performance
Cyient’s stock has been under pressure for the past two days, registering a cumulative loss of 3.43%. The intraday low touched ₹1,120, marking a 2.2% dip from previous levels. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a bearish trend in the short to medium term.
Despite a slight increase in investor participation, with delivery volumes rising marginally by 0.19% against the five-day average on 23 Dec, the stock has underperformed its sector by 1.74% today. Liquidity remains adeq...
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