Persistent Downward Momentum
The stock closed at ₹2.83, down by ₹0.09 or 3.08% as of 08:16 PM on 01-Dec, marking its fifth consecutive day of losses. Over the past week, IL&FS Transport has declined by 5.35%, contrasting sharply with the Sensex’s modest gain of 0.87% during the same period. This persistent downward momentum highlights investor caution and a lack of buying interest in the stock.
Further emphasising the stock’s weakness, it is trading just 1.06% above its 52-week low of ₹2.80, signalling that the share price is hovering near its lowest levels in a year. This proximity to the 52-week low often acts as a psychological barrier, and the stock’s inability to rebound from this level suggests continued bearish sentiment.
Underperformance Agai...
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