Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past three consecutive days, cumulatively losing 5.51% in value. This recent slump contrasts sharply with the broader market, as the Sensex recorded a modest gain of 0.20% over the past week. Over the last month, KRN Heat Exchanger’s share price has declined by 10.09%, significantly underperforming the Sensex’s marginal fall of 0.46%. Even on a year-to-date basis, the stock’s 4.16% gain lags behind the Sensex’s 8.22% rise, highlighting persistent relative weakness.
Intraday trading on 17-Dec saw the stock touch a low of ₹725, representing a 3.12% drop from previous levels. Moreover, the share price is currently trading below all key moving averages, including the 5-day, 20-day,...
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