Short-Term Gains and Recent Price Movement
In the immediate term, Nahar Polyfilms has demonstrated encouraging signs of recovery. Over the past week, the stock has appreciated by 4.15%, significantly outperforming the Sensex, which declined by 0.52% during the same period. This recent rally is further underscored by the stock’s consecutive gains over the last two days, delivering a cumulative return of 7.76% in that timeframe. On 12-Dec, the stock reached an intraday high of ₹261.60, marking a 2.47% increase from its previous close, signalling robust buying interest during the trading session.
Despite this short-term strength, the stock remains below several key moving averages, including the 20-day, 50-day, 100-day, and 200-day averages, although it is trading above i...
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