Recent Price Movement and Market Context
On 04 December, MIC Electronics closed at ₹45.00, down by ₹0.08 or 0.18%. This decline is part of a broader three-day losing streak during which the stock has fallen approximately 6.6%. While the stock has shown a positive return of 5.41% over the past week, this short-term gain contrasts sharply with its longer-term performance. Over the past month, the stock has dropped 14.72%, and year-to-date losses stand at a significant 46.88%. The one-year return is even more stark, with the stock down 49.91%, vastly underperforming the Sensex, which has gained 5.32% over the same period.
MIC Electronics is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical p...
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