Recent Price Movements and Market Sentiment
Despite opening the day with a positive gap of 2.02%, the stock failed to sustain gains and ultimately traded down to an intraday low of ₹294, marking a 6.56% decline from its previous close. The weighted average price indicates that a larger volume of shares exchanged hands closer to the lower end of the day’s range, signalling selling pressure. Furthermore, Hindustan Adhesives is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
The stock has underperformed its sector by 4.52% today and has been on a consistent downward trajectory for five consecutive trading sessions, resulting in an 8.73% loss over the past week. T...
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