Price Movement and Market Context
The stock opened with a gap down of 3.58%, signalling immediate selling pressure from the outset of trading. Throughout the day, Mangalam Organics touched an intraday low of ₹460.05, representing a steep 9.1% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the session.
This underperformance is notable when compared to the broader sector, with the stock lagging by 8.06% today. Over the past week, Mangalam Organics has declined by 13.7%, significantly underperforming the Sensex’s modest 1.86% drop during the same period. Year-to-date, the stock is down 5.27%, while the Sensex has only fallen 2.16%, highlighting the stock’s ...
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