Recent Price Movements and Market Context
Modern Dairies hit a new 52-week low of ₹35.8 during intraday trading on 15-Dec, marking a significant technical setback. The stock has underperformed its sector by 4.54% on the day, indicating relative weakness compared to its peers. Over the past three consecutive trading days, the stock has declined by 6.83%, underscoring sustained selling pressure. This short-term negative momentum is compounded by the stock trading below all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – which typically signals bearish sentiment among technical traders and investors alike.
Comparative Performance Against Benchmarks
When analysing Modern Dairies’ performance relative to the...
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