Recent Price Movement and Market Comparison
Nitco’s shares have been under significant pressure over the past month, falling by 23.10%, while the Sensex has gained 0.95% in the same period. Year-to-date, the stock has declined by 31.33%, in stark contrast to the Sensex’s 9.08% rise. Over the last year, Nitco’s stock has lost 25.38%, whereas the Sensex has appreciated by 10.47%. This persistent underperformance highlights investor concerns about the company’s prospects and relative weakness compared to the broader market.
On 21-Nov, the stock touched an intraday low of ₹85.05, marking a fresh 52-week low. The weighted average price indicates that more volume was traded near this low, suggesting selling dominance. Additionally, Nitco is trading below all key moving avera...
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