Recent Price Movement and Market Performance
Garden Reach Shipbuilders & Engineers Ltd has experienced a downturn over the past two days, with a cumulative loss of 6.61%. On 02-Dec, the stock underperformed its sector by 3.21%, touching an intraday low of ₹2,595, representing a 5.09% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure. Furthermore, the stock’s current price sits above its 200-day moving average but remains below its 5-day, 20-day, 50-day, and 100-day moving averages, signalling short-term weakness despite longer-term support.
Investor participation has also waned, with delivery volumes on 01-Dec falling by 1.98% compared to the five-day average...
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