Recent Price Movement and Market Context
Inflame Appliances opened the day with a gap down of 3.16%, signalling immediate selling pressure from the outset. Throughout the session, the stock touched an intraday low of ₹297.35, representing a near 5% decline from the previous close. This price action is particularly significant given that the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it has slipped below the 5-day moving average, indicating short-term weakness.
The stock’s performance today also lagged behind its sector peers, underperforming by 3.36%. This relative underperformance suggests that the decline is not solely due to broader sector weakness but may be influenced by company-specific factors or investor sentiment.Read More






