Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past three consecutive days, cumulatively losing 15.55% in returns during this period. On 06-Feb, it touched an intraday low of ₹4,131.45, marking an 8.11% drop from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure. This decline is more pronounced than the BPO/ITeS sector’s fall of 4.14% on the same day, with eClerx underperforming its sector by 3.05%.
Further compounding the negative sentiment is the falling investor participation. Delivery volume on 05 Feb was 33.51 thousand shares, a steep 58.18% drop compared to the five-day average delivery volume. This suggests reduced buying i...
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