News and ViewsRecent Price Movement and Market Context
On 17 December, Garden Reach Shipbuilders & Engineers Ltd’s stock price declined by ₹55.25, marking a 2.41% drop by 9:11 PM. This decline is part of a broader four-day losing streak, during which the stock has fallen approximately 6.66%. The intraday low touched ₹2,225, reflecting a 2.82% dip from the previous close. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure among investors.
The stock’s performance contrasts with the broader market, as the Sensex recorded a modest gain of 0.20% over the past week, while the shipbuilding sector itself declined by 3%. Garden Reach Shipbuilders outperformed its sector by 0.71% on the day, yet it remai...
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