Recent Price Movement and Market Performance
MPS Ltd. has been on a downward trajectory over the past week, with the stock declining 6.01%, significantly underperforming the Sensex’s 2.55% fall during the same period. The trend extends over the last month and year, where the stock has lost 10.90% and 4.35% respectively, while the Sensex and broader market indices have posted positive returns. Year-to-date, the stock is down 7.65%, further highlighting the persistent selling pressure. On 09-Jan, the stock touched an intraday low of ₹1,790.60, marking an 8.01% drop from recent levels, with heavier trading volumes concentrated near this low price point, signalling strong bearish sentiment.
Technical Indicators and Sectoral Context
Technically, MPS ...
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