Recent Price Movement and Market Context
JK Paper’s shares have been on a downward trajectory, losing 3.15% over the past week compared to a modest 0.40% decline in the Sensex. The stock has underperformed its sector by 1.17% today and has declined for three consecutive sessions, accumulating a 4.5% loss in that period. Intraday trading saw the stock dip to a low of ₹347.95, marking a 2.63% drop from previous levels. Notably, JK Paper is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum.
Investor participation appears to be waning, with delivery volumes on 17 Dec falling slightly by 0.7% against the five-day average, indicating reduced buying interest. Despite this, liquidity...
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