Recent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative loss of 3.02%. Intraday trading saw the share touch a low of ₹94.10, marking a 3.44% decline from previous levels. The weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, suggesting selling pressure dominated trading sessions. This underperformance is slightly more pronounced than the public banking sector, which itself declined by 2.47% on the same day. Furthermore, the stock’s performance today lagged its sector by 0.38%, highlighting relative weakness within its peer group.
Technical indicators reveal that while the stock remains above its 200-day moving average—a long-term bullish signal—it i...
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