Short-Term Price Momentum and Outperformance
The stock has demonstrated strong momentum over the past week and month, delivering returns of 7.98% and 11.64% respectively, significantly outperforming the Sensex which declined marginally in the same periods. This recent surge is further underscored by the stock’s consecutive gains over the last two days, accumulating a 12.21% return in that timeframe. On 19-Dec, the stock reached an intraday high of ₹48.50, marking a 6.62% increase from its low of ₹43.90, indicating robust intraday volatility and investor interest.
Despite this positive short-term trend, the weighted average price suggests that a greater volume of shares traded closer to the day’s low, hinting at some selling pressure or cautious profit-taking even amid ...
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