Recent Price Movements and Market Performance
The stock has been under significant pressure recently, hitting a new 52-week low of ₹442.5 on the day. Over the last four consecutive trading sessions, GNFC has lost approximately 7.5% in value, underperforming its sector by nearly 1.9% on the day. This weakness is further underscored by the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has increased, with delivery volumes rising by 88.87% on 20 Jan compared to the five-day average, indicating heightened selling activity. Despite this, the stock maintains a relatively high dividend yield of 3.94%, which may offer some support to income-focused i...
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