Recent Price Movement and Market Performance
On 16 January, Oriental Aromatics Ltd closed at ₹271.90, down ₹5.75 from the previous session. Despite opening with a positive gap of 2.09% and touching an intraday high of ₹285.75, the stock ultimately succumbed to selling pressure, closing near its intraday low. This price action indicates that while initial optimism existed, sellers dominated the session. The weighted average price suggests that more volume was traded closer to the lower price levels, signalling bearish sentiment among investors.
The stock has been falling for two consecutive days, losing 3.43% over this short period. It has also underperformed its sector by 1.63% on the day, highlighting relative weakness. Furthermore, Oriental Aromatics is trading below...
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