Recent Price Movement and Market Performance
JM Financial’s stock has been under pressure over the past week, declining by 6.58%, which is significantly worse than the Sensex’s 2.55% fall during the same period. Year-to-date, the stock has dropped 7.33%, again underperforming the benchmark index’s 1.93% decline. The stock’s recent two-day losing streak has resulted in a cumulative fall of 5.12%, with the intraday low touching ₹137.90 on 09-Jan. This downward momentum is further underscored by the fact that the weighted average price saw more volume traded near the day’s low, indicating selling pressure.
Technically, JM Financial is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad-based weakness in tec...
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