Recent Price Movement and Market Context
The stock hit a new 52-week low of ₹49.3 on the same day, signalling persistent selling pressure. Despite an intraday high of ₹54.01, representing a modest 2.56% gain during the session, the stock ultimately succumbed to downward momentum. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the market throughout the day.
Global Offshore’s performance today also lagged behind its sector by 5.73%, underscoring relative weakness within its industry group. This underperformance is consistent with the stock’s broader trend over recent periods, where it has significantly underperformed the Sensex and sector indices.
Technical Indicators Po...
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