Short-Term Price Movement and Market Context
MRF Ltd.’s stock has been under pressure in recent sessions, registering a consecutive three-day decline that has resulted in a cumulative loss of 4.13%. On 16-Jan, the stock touched an intraday low of ₹142,551.3, down 2.13% from the previous close, signalling persistent selling pressure. The weighted average price for the day indicates that a larger volume of shares traded closer to the day’s low, suggesting that sellers dominated the session.
In comparison to its sector, MRF underperformed by 0.79% on the day, and its recent weekly and monthly returns of -2.99% and -6.64% respectively, have lagged behind the Sensex benchmark, which remained nearly flat over the week and declined by only 1.31% over the month. Year-to-date, ...
Read full news article












