Recent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative loss of 14.54% over this period. On 01-Feb, it opened with a gap down of 2.06%, signalling immediate bearish sentiment among investors. Intraday volatility was notably high at 5.04%, with the stock touching a low of ₹3,476.60, representing a 9.18% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated the session.
Compared to its sector peers in the Finance and Non-Banking Financial Company (NBFC) space, Muthoot Finance underperformed by 5.92% on the day, while the broader sector declined by 2.7%. This relative underperformance highlight...
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