Recent Price Movements and Market Context
The stock hit a new 52-week low of ₹46.6 during intraday trading on 24-Dec, marking a 4.64% fall from previous levels. This decline extends a two-day losing streak, with the stock falling approximately 3.15% over this period. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure among investors. Furthermore, Imagicaaworld is 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 broader sector of Amusement Parks, Recreation, and Clubs also experienced a downturn, falling by 2.27% on the same day, suggesting that sector-wide challenges may be compounding the s...
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