Recent Price Dynamics and Market Context
On 09 December, Meghmani Organics recorded a gain of ₹0.52, outperforming its sector by 0.75%. This uptick marks a reversal after three consecutive days of losses, signalling a potential short-term recovery. However, the stock remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating persistent downward pressure in the medium to long term. The delivery volume on 08 December surged by 85.23% to 4.03 lakh shares compared to the five-day average, suggesting increased investor participation and interest at these price levels. Despite this, liquidity remains moderate, with the stock supporting trade sizes of approximately ₹0.06 crore based on 2% of the five-day average traded value...
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