Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past three consecutive days, shedding nearly 8% in that period. On 06-Feb, it touched an intraday low of ₹5,500, marking a 3.26% decline within the session. This underperformance is further highlighted by the stock’s weekly return of -6.92%, which contrasts sharply with the Sensex’s positive 1.59% gain over the same period. Year-to-date, LTI Mindtree has declined by 8.40%, significantly underperforming the broader market benchmark, which is down only 1.92%.
Despite the recent weakness, the stock remains above its 200-day moving average, signalling some underlying long-term support. However, it is trading below its shorter-term moving averages (5-day, 20-day, 50-day, and 100-day...
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