Recent Price Movement and Sector Context
The stock’s performance on 20-Jan was largely in line with the Auto Ancillary sector, which itself declined by 3.17%. Munjal Showa’s share price touched an intraday low of ₹116, with the weighted average price indicating that a greater volume of shares traded closer to this lower price point. This suggests that sellers dominated the session, pushing prices downwards. The stock’s decline over the last week stands at 3.73%, which is more pronounced than the Sensex’s 1.73% fall during the same period, highlighting relative underperformance.
Technical Indicators and Moving Averages
Technically, Munjal Showa is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day ave...
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