Recent Price Movement and Market Performance
On 18 December, Nagarjuna Fertilizers & Chemicals Ltd closed at ₹4.60, down by ₹0.10 or 2.13% from the previous session. This decline extends a losing streak over the past two days, during which the stock has fallen by nearly 4%. The stock’s underperformance is further highlighted by its relative weakness against the broader sector, lagging by 1.39% on the day. Notably, the share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent bearish momentum.
Investor participation has also waned, with delivery volumes on 17 December dropping by 27% compared to the five-day average, indicating reduced buying interest. Despite this, liquidity remai...
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