Recent Price Movement and Sector Context
On 08 Dec, the stock experienced a third consecutive day of losses, cumulatively falling by 5.4% over this period. Intraday, the share price touched a low of ₹391.65, representing a 5.02% drop from previous levels. The weighted average price indicates that a significant volume of shares traded closer to this lower price point, signalling selling pressure. Notably, the stock’s current price remains above its 50-day, 100-day, and 200-day moving averages, but below the shorter-term 5-day and 20-day averages, suggesting recent weakness despite longer-term support levels.
The broader Construction - Real Estate sector also declined by 3.5% on the same day, indicating that Mahindra Lifespace’s fall is in line with sectoral trends. Howe...
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