Persistent Downtrend and Market Underperformance
NIIT’s share price has been on a steady decline, losing 6.25% over the past seven consecutive trading days. This recent slump is part of a broader trend, with the stock falling 4.98% in the last week and 11.43% over the past month. These losses contrast sharply with the broader market, as the Sensex has remained nearly flat over the week and gained 2.7% in the last month. Year-to-date, NIIT’s stock has plummeted by over 52%, while the Sensex has risen by 9.69%, underscoring the stock’s significant underperformance.
On the day in question, the stock touched an intraday low of ₹91.19, down 2.48%, and traded below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical wea...
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