Recent Price Movement and Market Context
Indraprastha Gas has been under pressure in recent sessions, with the stock falling for two consecutive days, accumulating a loss of 2.97% over this period. The intraday low touched ₹179.75, marking a 2.42% decline on the day. This performance is weaker than its sector peers, underperforming by 0.41% today. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has increased, as evidenced by a delivery volume of 6.42 lakh shares on 12 Jan, which is 18.09% higher than the five-day average. Despite this heightened activity, the stock’s liquidity remains adequate for trades up to ₹0.45 crore, ...
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