Market Performance and Recent Price Action
Engineers India’s share price underperformed its sector peers and the broader market on the day, declining by 6.29% compared to the sector’s lesser fall, resulting in an underperformance of approximately 4.94%. The stock touched an intraday low of ₹188.50, marking a 7.03% drop from previous levels. This sharp intraday movement was accompanied by high volatility, with an intraday volatility of 5.24% calculated from the weighted average price, indicating significant price swings during trading hours.
Technical indicators also point to a bearish trend. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such positioning often signals weakening investor confidence...
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