Short-Term Price Movement and Market Reaction
The stock opened with a gap up of 8.2%, signalling strong buying interest at the start of trading on 14-Jan. This momentum carried through the day, with the share price reaching its intraday high of ₹66.15, reflecting an 8.44% gain. Notably, Mukta Arts outperformed its sector by 8.37% on the day, indicating a robust relative strength against peers. This rebound came after a period of five consecutive days of decline, suggesting a potential short-term correction or profit-taking phase had concluded.
Despite this positive price action, investor participation appears to have waned slightly, as delivery volumes on 13-Jan fell by over 51% compared to the five-day average. This decline in trading volume may imply cautious optimis...
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