Recent Price Movement and Market Context
The stock has experienced a consecutive fall over the past three sessions, resulting in a cumulative loss of 5.83%. On the day in question, the share price touched an intraday low of ₹5,140.25, representing a 4.05% dip from previous levels. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure during the session.
Despite this decline, Lumax Industries outperformed its sector, the Auto Ancillary segment, which fell by 3.17% on the same day. This relative outperformance suggests that while the stock is under pressure, it is faring better than many of its peers in the sector.
Technical indicators reveal a mixed picture. The current price remai...
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