Recent Price Movement and Market Context
The stock has been under pressure for several sessions, recording losses for three consecutive days and falling by 7.73% during this period. On the day in question, Kabra Extrusion’s share price touched an intraday low of ₹217.65, just 1.39% above its 52-week low of ₹216, signalling sustained weakness. The weighted average price indicates that a larger volume of shares traded near the day’s low, suggesting selling pressure dominated investor sentiment.
Moreover, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, reinforcing the bearish technical outlook. This underperformance is also reflected relative to its sector; the Engineering - Industrial Equipment secto...
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