Recent Price Movement and Market Context
The stock hit a new 52-week low of ₹447 during intraday trading, marking a 5.86% decline on the day. Over the past week, Jindal Drilling has lost 9.76%, sharply contrasting with the Sensex’s modest gain of 0.16%. The downward momentum extends over the last month and year, with the stock falling 20.01% and 48.88% respectively, while the Sensex has risen 5.37% over the same one-year period. This stark divergence highlights the stock’s sustained weakness despite a generally positive market environment.
Adding to the bearish sentiment, the stock has underperformed its sector, Oil Exploration and Refineries, which gained 2.64% on the same day. The weighted average price indicates that more volume was traded near the day’s low, sugges...
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