Recent Price Movement and Market Context
GMDC’s stock has been under pressure for the past two days, registering a cumulative loss of 5.61%. The intraday low touched ₹520, reflecting a 3.75% drop from previous levels. This underperformance is further highlighted by the stock lagging its sector by 3.03% on the day. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure. Additionally, the stock’s current price remains above its 100-day and 200-day moving averages but below the shorter-term 5-day, 20-day, and 50-day averages, suggesting a recent weakening in momentum.
Investor participation has also waned, with delivery volumes on 02 Dec falling sharply by 70.84% compared to the five-day average. Des...
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