Recent Price Movement and Market Performance
Manaksia Ltd has experienced a notable dip in its share price over the last three trading sessions, cumulatively falling by 7.37%. This decline is sharper than the sector’s performance today, where the stock underperformed by 2.53%. The intraday low of ₹63.19 marked a 3.14% drop from the previous close, signalling increased selling pressure during the trading day. Despite this short-term weakness, the stock remains above its 20-day and 50-day moving averages, suggesting some underlying support, although it is trading below its 5-day, 100-day, and 200-day moving averages, indicating a mixed technical outlook.
Investor Participation and Liquidity Trends
One of the critical factors contributing to the re...
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