Recent Price Movement and Market Context
Everest Industries’ share price fell to an intraday low of ₹511.65, marking a 2.2% dip during the trading session. Despite the stock trading above its 5-day and 20-day moving averages, it remains below its longer-term averages, including the 50-day, 100-day, and 200-day moving averages. This technical positioning suggests a short-term resilience but a prevailing weakness in the medium to long term.
Investor participation has notably increased, with delivery volumes on 23 Dec rising by 52.98% compared to the five-day average, indicating heightened trading interest. However, this increased activity has not translated into upward price momentum, as the stock underperformed its sector by 2.35% on the day.














