Recent Price Movement and Market Performance
On 24 November, Duroply Industries witnessed a significant intraday low of ₹165, marking a 7.8% drop from previous levels. The stock underperformed its sector by 5.03% on the day, with a weighted average price indicating that most trading volume occurred near the lower price range. This suggests selling pressure and a lack of strong buying interest at higher levels. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 21 November falling by over 25% compared to the five-day average, indicating reduced confidence or interest from shareholders. D...
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