Recent Price Movement and Market Context
Emami Paper’s stock price fell by ₹2.58 on 24 November, marking a 2.77% decrease from the previous close. This decline is part of a broader downward trend, with the stock having lost 5.45% over the past two consecutive trading days. Intraday activity showed the stock touching a low of ₹90.60, with a weighted average price indicating that a larger volume of shares traded closer to this lower price point. This suggests selling pressure dominated the session, pushing prices downward.
Further compounding the negative momentum, Emami Paper underperformed its sector by 1.27% on the day, signalling that the stock’s decline was sharper than that of its industry peers. The stock is currently trading below all key moving averages, includi...
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