Recent Price Movement and Market Context
The stock's decline on 08-Dec was sharper than the packaging sector's fall of 2.93%, with Garware Hi Tech underperforming its sector by 1.2%. Intraday, the share price touched a low of ₹3,540, representing a 4.47% drop from previous levels. The weighted average price for the day indicated that a greater volume of shares traded closer to the lower end of the price range, signalling selling pressure. Despite the stock trading above its 50-day and 100-day moving averages, it remained below its 5-day, 20-day, and 200-day averages, suggesting short-term weakness amid longer-term support levels.
Investor Participation and Liquidity Trends
Investor engagement appears to be waning, as evidenced by a 35.93% declin...
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