Recent Price Movements and Market Performance
Galaxy Bearings hit a new 52-week low of ₹571 during intraday trading on 17-Dec, marking a significant fall of 14.65% from its intraday high of ₹685.95. The stock has experienced high volatility, with an intraday price range of ₹114.95 and a volatility measure of 9.14%. Over the past two days, the stock has declined by 12.05%, underperforming its sector by 9.37% on the day. Furthermore, the weighted average price indicates that most trading volume occurred near the day’s low, signalling selling pressure.
Technical indicators also point to bearish sentiment, as Galaxy Bearings is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness is compounded ...
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