Recent Price Movement and Market Context
The stock has been under pressure for the past two days, losing nearly 4% in that period and significantly underperforming the Capital Goods sector, which itself declined by 2.02% on the same day. NCC’s share price touched an intraday low of ₹161.5, signalling persistent selling interest. The weighted average price indicates that most trading volume occurred near the day’s low, suggesting bearish sentiment among investors. Furthermore, the stock is trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – reinforcing the negative technical outlook.
Investor participation has also waned, with delivery volumes dropping by over 43% compared to the five-day average, indicating reduced conviction among sha...
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