Recent Price Movement and Market Performance
Despite opening the day with a positive gap of 2.12%, Hikal’s shares failed to sustain gains, hitting an intraday low of ₹237.95 before closing lower. The weighted average price indicates that more volume was traded near the day’s low, signalling selling pressure. The stock has now declined for five consecutive sessions, underperforming its sector by nearly 2% today and registering a 7.05% loss over the past week. This contrasts sharply with the broader Sensex, which gained 0.20% during the same period.
Technically, the stock remains above its 20-day moving average but trades below its 5-day, 50-day, 100-day, and 200-day averages, suggesting a bearish momentum in the medium to long term. Investor participation has also waned...
Read More












