Short-Term Price Movement and Market Performance
The stock has been under pressure over the past week, registering a decline of 8.94%, significantly underperforming the Sensex benchmark which fell by only 1.83% during the same period. Year-to-date, the stock has dropped 9.00%, while the Sensex has declined by a comparatively modest 1.58%. This recent weakness is further highlighted by the stock’s opening gap down of 3.22% on 12-Jan and an intraday low of ₹12,531.40, representing a 7.52% fall from previous levels.
Technical indicators also point to bearish momentum, with Maharashtra Scooters trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The weighted average price suggests that a larger volume of shares exchanged hands near the day’s low,...
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