Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past two days, losing 5.77% in that period alone. Intraday trading saw the price dip as low as ₹326.3, representing a 6.14% fall from previous levels. Notably, the weighted average price indicates that a significant volume of shares exchanged hands near this low, signalling selling pressure. Furthermore, Nuvoco Vistas is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
The cement sector, to which Nuvoco belongs, also experienced a decline of 2.72% on the same day, indicating that the stock’s fall is partly influenced by sector-wide headwinds. Despite this, Nuvoco underp...
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