Recent Price Movement and Market Performance
The stock has been under pressure for over a week, registering an 8-day consecutive fall that has eroded approximately 10.69% of its value in this period. Despite opening the day with a positive gap of 2.21%, the share price failed to sustain gains and ultimately closed near its intraday low of ₹81, marking a 4.18% drop from the day’s high of ₹87.35. This intraday volatility, coupled with a weighted average price skewed towards the lower end, indicates selling pressure dominating the session.
Moreover, IOL Chemicals has been trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling a bearish technical outlook. The stock’s underperformance is also evident relative to its sector, with the...
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