Recent Price Movement and Technical Indicators
The stock has been under pressure for the past three consecutive sessions, cumulatively falling by 3.57%. On the day in question, it hit a fresh 52-week low of ₹5,010, marking a significant technical setback. The share price is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish trend from a technical standpoint. This technical weakness is likely contributing to the ongoing selling pressure.
Despite the decline, the stock’s performance today was broadly in line with its sector peers, indicating that the fall may be part of a wider sectoral or market movement rather than company-specific negative news. Liquidity remains adequate, with the ...
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