Recent Price Movement and Market Performance
Exicom Tele-Systems has been under pressure in recent trading sessions, with the stock falling for two consecutive days and registering a cumulative loss of 5.24% over this period. On 08-Dec, the stock hit a new 52-week and all-time low of ₹102.5, underscoring the bearish sentiment among investors. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically suggests a sustained downtrend.
In comparison to its sector, the Capital Goods index declined by 2.01% on the same day, while Exicom Tele-Systems underperfo...
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