News and Views
Recent Price Movements and Volatility
The stock has been on a losing streak for the past four consecutive days, accumulating a steep loss of 16.59% over the last week. Despite an intraday high of Rs 112.85, representing a 5.42% rise during the session, the stock ultimately succumbed to selling pressure, hitting an intraday low of Rs 99, down 7.52%. The wide trading range of Rs 13.85 and an intraday volatility of 6.53% underscore the heightened uncertainty and nervousness among investors.
Adding to the bearish sentiment, the stock opened with a gap down of 2.76% and traded below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness signals a lack of short- and long-term buying interest, further pressuring th...
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