Recent Price Movement and Market Context
After a period of sustained weakness, ITI Ltd's stock price rebounded sharply on 24 Nov, outperforming its sector by 7.76%. The stock reached an intraday high of ₹332.90, representing an 11.88% increase from the previous close, and traded within a wide range of ₹36.85. This volatility indicates heightened trading activity and renewed investor interest. Notably, the stock is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a positive technical trend that may have encouraged buying.
Investor participation has also increased, with delivery volumes on 21 Nov rising by nearly 60% compared to the five-day average, suggesting that more investors are committi...
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