Recent Price Movement and Market Context
The stock’s decline on 18-Dec was sharper than the packaging sector’s fall of 2%, with Garware Hi Tech underperforming its sector by 2.33%. Intraday, the share price touched a low of ₹3,363.65, representing a 5.61% drop from previous levels. The weighted average price indicates that a larger volume of shares traded near this lower price point, signalling selling pressure. Despite the stock trading above its 100-day moving average, it remains below its 5-day, 20-day, 50-day, and 200-day moving averages, suggesting a short- to medium-term bearish trend.
Underperformance Against Benchmarks
Over the past week, Garware Hi Tech’s shares have declined by 6.97%, significantly underperforming the Sensex’s modest 0...
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