Recent Price Movement and Market Context
Esab India’s stock has been under pressure for the past three consecutive days, accumulating a loss of 7.62% over this period. The intraday trading on 09-Jan saw the stock reach a high of Rs 6,008.55, marking a 2.17% gain at one point, but it ultimately succumbed to selling pressure, hitting a low of Rs 5,645, down 4.01% from the previous close. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling stronger selling interest as the session progressed.
Comparatively, the Electrodes & Welding Equipment sector, to which Esab India belongs, also experienced a decline of 3.28% on the same day, suggesting sector-wide headwinds may be contributing to the stock’s underperforman...
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