Short-Term Price Movement and Market Performance
On 23 January, Goodluck India Ltd’s shares closed at ₹1,013.60, down ₹59.9 or 5.58% from the previous session. This decline marks the third consecutive day of losses, with the stock shedding approximately 7.74% over this period. The intraday low also coincided with the closing price, indicating sustained selling pressure throughout the trading day. Compared to its sector, the stock underperformed by 4.17%, signalling relative weakness within its industry group.
The weighted average price for the day suggests that a larger volume of shares traded closer to the day’s low, reinforcing the bearish sentiment among investors. Furthermore, Goodluck India is currently trading below all key moving averages, including the 5-day, 2...
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