Recent Price Movement and Market Context
Despite the stock's recent positive momentum over the past week and month, with gains of 8.88% and 7.60% respectively, Niraj Cement has struggled to maintain this upward trajectory in the short term. The stock has underperformed its sector by 4.45% today and has recorded losses over the last two consecutive days, amounting to a 7.06% decline. Intraday trading saw the share price dip to a low of ₹35.35, representing a 6.43% drop from previous levels. Notably, the weighted average price indicates that a larger volume of shares traded closer to the day's low, signalling selling pressure.
Technical indicators reveal a nuanced picture. The current price remains above the 5-day and 20-day moving averages, suggesting some short-term su...
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