Short-Term Price Movement and Market Sentiment
Despite the company’s robust fundamentals, the stock experienced a notable decline on 10 December, falling by ₹53.80 or 2.2% during the trading session. The intraday low touched ₹2,382.15, representing a 2.59% drop from the previous close. This underperformance was also reflected relative to its sector, with the stock lagging by 2.25% today. Furthermore, the share price is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling short-term bearish momentum among traders and investors.
Investor participation has also waned, as evidenced by a 14.58% decline in delivery volume on 9 December compared to the five-day average, with 3.82 lakh shares delivered....
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