Recent Price Movement and Market Performance
On 01-Dec, Meera Industries experienced a second consecutive day of losses, with the stock dropping by 2.73% over this period. Despite touching an intraday high of ₹66, representing a 2.52% gain, the stock also recorded a low of ₹60.99, down 5.27% intraday. The weighted average price indicates that a larger volume of shares traded closer to the lower end of the price range, signalling selling pressure. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 28 Nov falling sharply by 65.28% compared to the five-day average, suggesting reduced con...
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