Persistent Downward Momentum
Manbro Industries has been on a losing streak, with the stock price falling consecutively for the past five trading sessions. Over this period, the stock has declined by 12.61%, a stark contrast to the broader market's modest gains, as the Sensex rose by 0.79% in the same timeframe. This persistent weakness signals growing investor caution or negative sentiment surrounding the company’s near-term prospects.
The stock’s opening on 21-Nov was marked by a gap down of 4.79%, indicating immediate selling pressure from the outset of trading. Throughout the day, the share price touched an intraday low of Rs 436.10, which also stood as the closing price, underscoring the lack of recovery during the session. The weighted average price suggests that ...
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