Recent Price Movement and Market Context
Parag Milk Foods has experienced a notable pullback over the past week, with the stock declining by 4.66%, contrasting with the Sensex’s modest gain of 0.79% during the same period. This underperformance is further highlighted by the stock’s consecutive two-day fall, resulting in a cumulative loss of 6.15%. Intraday trading on 21-Nov saw the stock touch a low of ₹335.80, down 2.5% from previous levels, with heavier volumes concentrated near this lower price point. Such price action suggests short-term profit-taking or cautious sentiment among traders after recent gains.
Adding to this, the stock’s weighted average price indicates that more shares exchanged hands closer to the day’s low, signalling selling pressure. The moving av...
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