Intraday Price Movement and Sector Context
On the day in question, the stock touched an intraday low of ₹1,293.7, marking a 5.3% decline from previous levels. The weighted average price indicates that a significant volume of shares traded closer to this low, suggesting selling pressure throughout the session. This underperformance was also reflected relative to the Solvent Extraction sector, which itself declined by 2.98%, indicating that sector-wide factors may have contributed to the stock’s fall.
Moreover, the stock underperformed its sector by 1.88% on the day, signalling that while the entire sector faced headwinds, Manorama Industries was more adversely affected. The moving averages provide a mixed technical picture: the current price remains above the 5-day and ...
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