Recent Price Movement and Market Context
On 08 December, Indian Infotech’s share price closed at ₹0.71, down by ₹0.01 or 1.39% from the previous session. This decline marks the second consecutive day of losses, with the stock falling approximately 2.74% over this short period. Despite this, the stock marginally outperformed its sector, which declined by 2.33% on the same day, indicating some relative resilience amid sector-wide weakness.
However, the stock’s current trading levels remain below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a sustained bearish trend, reflecting investor caution and a lack of upward momentum in the near term.
Long-Term Performance and Benchma...
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