Recent Price Movement and Market Context
On 09 December, HDFC AMC’s stock closed at ₹2,546.25, down by ₹5.20 or 0.2%. This decline is part of a broader short-term downtrend, with the stock having fallen by 2.02% over the past week and 6.26% in the last month. This contrasts with the benchmark Sensex, which gained 1.74% over the same one-month period, indicating that HDFC AMC has underperformed the broader market recently. The stock has also been on a four-day losing streak, shedding approximately 2.04% during this span.
Despite this short-term weakness, the stock remains well above its 200-day moving average, signalling that the longer-term trend is still intact. However, it currently trades below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting some ...
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