Price Movement and Market Context
The stock’s rise on 19-Dec is particularly striking given its recent performance. After a three-day losing streak, Motherson Wiring reversed course, surging by ₹2.79 or 6.22% to reach ₹47.67 by 9:13 PM. Intraday, the share price touched a high of ₹49.6, marking a 10.52% increase from the previous close, and traded within a wide range of ₹4.73, indicating heightened volatility and investor interest during the session.
This upward movement outpaced the Auto Ancillary sector’s gain of 2.21% on the same day, with Motherson Wiring outperforming its sector by 4.05%. Such relative strength suggests renewed investor confidence in the company compared to its peers.
Moreover, the stock’s current price sits comfortably above all key moving...
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