Recent Price Movement and Market Context
The stock has experienced a downward trend over the past four consecutive days, losing approximately 3.03% in that period. On the day in question, it touched an intraday low of ₹171.05, marking a 3.77% drop from previous levels. This decline occurred even as the stock marginally outperformed its sector, the Finance/NBFC segment, which fell by 2.7%. The relative outperformance suggests that while the broader sector faced selling pressure, Muthoot Microfin’s shares were somewhat resilient but still succumbed to profit-taking or cautious sentiment.
Investor participation appears to be waning, as evidenced by a 21.29% drop in delivery volume to 53,990 shares on 30 January compared to the five-day average. This reduced trading activi...
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