Recent Price Movement and Market Context
The stock has been on a downward trajectory, losing 3.83% over the past four consecutive days. Despite outperforming its sector by 2.54% today, M K Proteins remains under pressure, trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day marks. This technical weakness signals a lack of short- to medium-term buying interest. The broader solvent extraction sector has also declined by 4.2%, indicating sector-wide headwinds that are compounding the stock’s difficulties.
Investor participation appears to be waning, with delivery volumes on 24 Nov falling by 14.27% compared to the five-day average. This reduction in trading activity suggests diminished enthusiasm among shareholders and potential ...
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