News and Views
Recent Price Movement and Market Context
Delta Manufacturing’s stock opened with a notable gap down of 9.56%, setting a bearish tone for the trading session. The intraday low touched ₹72.1, representing a 9.75% decline from the previous close, indicating strong selling pressure throughout the day. The weighted average price suggests that a larger volume of shares traded closer to the day’s low, reinforcing the downward momentum.
Despite the recent rally over the past week, where the stock outperformed the Sensex by gaining 13.43% compared to the benchmark’s 0.59% decline, the longer-term performance remains weak. Year-to-date, Delta Manufacturing has declined by 32.01%, sharply contrasting with the Sensex’s 8.92% gain. Over the past year, the stock’s fall of 41.42% fur...
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