Recent Price Movements and Market Context
Despite opening the day with a positive gap of 3.72%, reaching an intraday high of ₹119.75, Deepak Spinners was unable to sustain the gains. The stock ultimately fell sharply to its low of ₹109.00 by the close, representing a 5.59% decline on the day. This intraday volatility highlights the prevailing bearish sentiment among investors. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure intensified as the session progressed.
The stock has been underperforming its sector peers, lagging by 4.22% today. Moreover, Deepak Spinners has been on a losing streak for three consecutive days, during which it has declined by 12.27%. This sustained weakness ...
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