Short-Term Price Movement and Market Performance
NRB Industrial Bearings’ shares have been under pressure over the past week and month, with returns of -1.23% and -5.43% respectively, contrasting with the Sensex’s modest gains of +0.10% and +1.11% over the same periods. The stock’s underperformance is further highlighted by its two-day consecutive decline, during which it lost 7.73% in value. On 27-Nov, the stock touched an intraday high of ₹31.99, up 2.66%, but ultimately succumbed to selling pressure, closing at the day’s low of ₹29.60.
Trading activity on the day showed a weighted average price skewed towards the lower end, indicating that a larger volume of shares exchanged hands closer to the day’s low rather than the high. This suggests that sellers dominated the...
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