Recent Price Movement and Market Context
Despite opening the day with a positive gap of 2.08%, the stock was unable to sustain early gains, reaching an intraday high of ₹100.75 before succumbing to selling pressure that pushed it down to a low of ₹92.10. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling stronger selling interest as the session progressed. This intraday volatility culminated in a closing price that was nearly 5% lower than the previous day, marking the second consecutive day of decline and a cumulative loss of 6.11% over this period.
In contrast to the broader market, Nikhil Adhesives has significantly underperformed. While the Sensex has posted modest gains over the past week and month, the s...
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