News and Views
Recent Price Movement and Market Performance
On 08 December, Ideaforge Technology Ltd closed at ₹425.60, down ₹20.60 or 4.62% from the previous session. This drop continues a downward trend, with the stock having fallen for eight consecutive days, resulting in a cumulative loss of 9.18% over this period. The intraday low touched ₹421.25, marking a 5.59% decline on the day. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure among investors.
Comparatively, the stock has underperformed its sector, Electronics - Components, which itself declined by 2.61% on the same day. Over the past week and month, Ideaforge’s returns have been negative at -7.78% and -7.94% respectively, while the bench...
Read More
