Recent Price Movement and Sector Context
The stock has been on a downward trajectory for the last four consecutive days, accumulating a loss of 3.1% during this period. On the day in question, EID Parry’s share price touched an intraday low of ₹1,004.85, marking a 2.72% decline from previous levels. This underperformance is set against a broader weakness in the sugar sector, which itself declined by 2.83% on the same day. The sectoral downturn has exerted downward pressure on EID Parry’s stock, reflecting investor caution amid sector-specific challenges.
Despite this, EID Parry marginally outperformed its sector peers by 0.6% on the day, indicating relative resilience. However, the stock remains below its short- and medium-term moving averages, including the 5-day, 20-...
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