Recent Price Movement and Market Performance
The stock closed at ₹146.50, down ₹8.65 or 5.58% on the day, marking a continuation of a downward trend that has persisted for eight consecutive sessions. Over this period, the share price has declined by 11.4%, significantly underperforming the power generation and distribution sector, which itself fell by 2.13% on the same day. Intraday volatility was high at 5.05%, with the stock touching an intraday low of ₹145.25, its lowest level in a year. Trading volumes have increased, with delivery volumes on 05 Dec rising by 57.79% compared to the five-day average, indicating heightened investor activity near the lower price levels.
Technically, the stock is trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, a...
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