Short-Term Price Movement and Market Performance
Pasupati Acrylon’s stock price has been under pressure in the immediate term, with a consecutive two-day decline resulting in a cumulative loss of 6.68%. On 03-Dec, the stock touched an intraday low of ₹56.64, representing a 4.15% drop from previous levels. This underperformance is further highlighted by the stock lagging its sector by 2.33% on the day, signalling a relative weakness compared to its peers.
The weighted average price for the day indicates that a greater volume of shares traded closer to the lower end of the price range, suggesting selling pressure dominated trading activity. Additionally, the stock’s price currently sits below its 5-day moving average, although it remains above longer-term averages such a...
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