Recent Price Movement and Market Context
The stock’s decline on 23-Jan followed two consecutive days of gains, signalling a clear trend reversal. Intraday, the share price touched a low of ₹110.10, with heavier trading volume concentrated near this low point, indicating selling pressure. Notably, Kakatiya Cement is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Investor participation has increased, with delivery volumes on 22-Jan rising by over 100% compared to the five-day average, suggesting heightened activity but predominantly on the sell side given the price drop. Despite adequate liquidity to support sizeable trades, the stock underperformed its sector by 5.72%...
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