Short-Term Price Movement and Investor Activity
The stock has been on a three-day winning streak, delivering a cumulative return of approximately 12% during this period. On 11-Dec, it outperformed its sector by 1.51%, signalling renewed investor confidence. Intraday, the share price touched a high of ₹41.40, marking a 2.93% increase from the previous close. This upward trajectory is supported by the stock trading above its 5-day and 20-day moving averages, indicating positive short-term technical momentum. However, it remains below its 50-day, 100-day, and 200-day moving averages, suggesting that medium- to long-term trends have yet to fully align with this recent rally.
Rising Investor Participation Bolsters Gains
One of the key drivers behind ...
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