Recent Price Movement and Market Context
Everest Industries has been under pressure for the past two days, with a cumulative loss of approximately 4% during this period. The stock touched an intraday low of ₹542.35, marking a 2.98% decline on the day. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated investor activity. This bearish momentum is further underscored by the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent downtrend.
In comparison to its sector, Everest Industries marginally underperformed, falling 0.38% more than the construction material sector, which itself declined by 2.5...
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