Recent Price Movement and Sector Context
The stock’s fall on 08-Dec contrasts with its recent short-term performance, where it had recorded gains over the previous two sessions. Despite this setback, Gandhi Special Tubes marginally outperformed its sector today, which declined by 2.21%. However, the stock’s intraday low of ₹723.3, representing a 4.16% drop from its previous close, indicates notable selling pressure during the trading session. The weighted average price suggests that a larger volume of shares exchanged hands closer to this lower price point, signalling increased bearish sentiment among investors.
Technical Indicators Point to Downward Pressure
From a technical standpoint, Gandhi Special Tubes is trading below all key moving avera...
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