Recent Price Movement and Market Context
Despite opening the day with a notable gap up of 3.08%, reaching an intraday high of ₹134, Indag Rubber was unable to sustain these gains. The weighted average price indicates that a larger volume of shares traded closer to the day's low, signalling selling pressure as the session progressed. This intraday reversal underscores the stock’s vulnerability amid broader market optimism.
Over the past week, the stock has declined by 5.12%, while the Sensex has advanced by 0.56%, reflecting a clear divergence from benchmark performance. The year-to-date figures further emphasise this trend, with Indag Rubber down 27.02% compared to the Sensex’s 9.68% gain. Over the last year, the stock has fallen 36.60%, whereas the benchmark index has...
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