Recent Price Movement and Market Comparison
Emami Paper’s shares have been under pressure for several sessions, recording a consecutive three-day fall that has resulted in a cumulative loss of 7.1%. The stock’s performance today notably underperformed its sector by 4.49%, signalling a lack of investor confidence. The intraday low of Rs 83.71 was accompanied by a weighted average price indicating that a larger volume of shares traded near this low, suggesting selling pressure dominated the session.
Further compounding concerns, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness often signals a bearish trend and may deter short-term traders and investors from entering positions.<...
Read More













