Recent Price Movement and Market Context
Dhampur Bio’s stock has gained 7.69% over the past week, significantly outperforming the Sensex’s modest 0.10% rise during the same period. This recent rally includes a 7.9% return over the last two consecutive days, signalling renewed investor interest. The stock also outperformed its sector by 3.13% on the day, reaching an intraday high of ₹77.10, a 4.63% increase from the previous close. Despite this short-term strength, the stock remains below its longer-term moving averages, including the 50-day, 100-day, and 200-day averages, indicating that the rally is yet to fully reverse the broader downtrend.
Trading volumes have also surged, with delivery volumes on 26 Nov rising by 110.14% compared to the five-day average, suggestin...
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