Recent Price Movements and Market Context
Foods & Inns Ltd hit a new 52-week low of ₹64.13 during intraday trading on 09-Jan, marking a significant downturn in investor confidence. The stock has been on a downward trajectory for the past two consecutive days, cumulatively losing 6.04% in that period. This recent weakness is further underscored by the stock’s underperformance relative to its sector, lagging by 3.39% on the day.
The weighted average price for the day indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated trading activity. Additionally, the stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bearish t...
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