Recent Price Movement and Sector Context
KM Sugar Mills has been under pressure for the past two trading sessions, cumulatively losing 6.85% in value. The stock’s intraday low on 08-Dec reached ₹25.27, marking a 5.74% decline from previous levels. This underperformance is more pronounced when compared to the broader sugar sector, which itself declined by 2.83% on the same day. The stock’s fall exceeded the sector’s drop by 1.72%, signalling a sharper sell-off relative to its peers.
Technical Indicators Point to Bearish Sentiment
From a technical standpoint, KM Sugar Mills is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This widespread weakness across short, medium, and long-term indic...
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