Recent Price Movement and Market Context
The stock has been on a losing streak for seven consecutive days, shedding approximately 12.69% during this period. This decline is sharper than the broader auto ancillary sector, which itself has fallen by 3.17%, indicating that NDR Auto Components is underperforming even within its industry group. The stock’s intraday low touched ₹686.15, representing a 3.47% drop on the day, with trading volumes concentrated near this lower price point, signalling selling pressure.
Moreover, the stock is trading below all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – underscoring a bearish technical outlook. Despite this, investor participation has increased, with delivery volumes rising by 6.34% o...
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