Recent Price Momentum and Market Outperformance
The stock has demonstrated strong momentum over the past week, appreciating by 6.14%, significantly outperforming the Sensex, which declined by 0.52% during the same period. This recent surge is part of a four-day consecutive gain streak, during which Mcleod Russel’s shares have risen by 11.72%. On 12-Dec, the stock touched an intraday high of ₹49.65, marking a 4.9% increase from its low of ₹46 earlier in the day. Such intraday volatility indicates active trading interest, although the weighted average price suggests that a larger volume of shares exchanged hands closer to the lower price point.
Despite this positive short-term price action, investor participation appears to be waning, with delivery volumes on 11-Dec fall...
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