Recent Price Movement and Sector Context
NBCC’s share price has been under pressure for the past five consecutive trading sessions, resulting in a cumulative loss of 8.56% over the week. This decline is sharper than the broader Sensex, which fell by only 0.63% during the same period, signalling that NBCC is experiencing more pronounced selling pressure relative to the benchmark. The intraday low of ₹107.25 on 08-Dec further emphasises the bearish sentiment prevailing among investors.
The stock’s performance today was broadly in line with the Construction - Real Estate sector, which itself declined by 3.56%. This sectoral weakness has likely contributed to the stock’s fall, as investors reassess valuations amid a cautious market environment.
Technical Ind...
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