Short-Term Price Movement and Market Context
Kavveri Defence’s recent price action reflects a notable short-term correction. Over the past week, the stock has declined by 5.90%, significantly underperforming the Sensex, which fell by only 0.84% during the same period. The one-month performance is even more pronounced, with Kavveri Defence shedding 23.33% compared to the Sensex’s modest 1.02% gain. This recent weakness is underscored by the stock’s three consecutive days of losses, resulting in a cumulative decline of 5.87% over this short span.
The intraday trading on 10-Dec saw the stock touch a low of ₹78.46, marking a 2.0% drop on the day. The trading range was narrow, with a mere ₹0.55 difference between the high and low, indicating limited volatility but persisten...
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