Recent Price Momentum and Market Performance
The stock has demonstrated remarkable short-term strength, gaining 25.43% over the past week compared to a negligible 0.02% rise in the Sensex. This rally includes a consecutive five-day gain streak, signalling sustained investor interest. On 16-Dec, Dolphin Offshore opened with an 8.11% gap up and reached an intraday high of ₹429, underscoring strong buying enthusiasm. However, the stock also experienced significant volatility, trading within a wide range of ₹58.4 and touching a low of ₹370.6 during the day. Despite this, the weighted average price suggests that more volume was traded closer to the lower end of the range, indicating some profit-taking or cautious trading.
Technically, the stock is trading above all major mo...
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