Recent Price Movement and Market Context
Patel Engineering’s share price has been under pressure, opening the day with a gap down of 3.61% and touching an intraday low of ₹31.76, representing a steep 9.1% fall from previous levels. The stock currently trades just 4.56% above its 52-week low of ₹31.6, signalling proximity to its lowest valuation in the past year. This downward momentum is further underscored by the weighted average price data, which indicates that a larger volume of shares was traded closer to the day’s low, suggesting selling pressure dominated throughout the session.
Underperformance Relative to Benchmarks
When compared to the Sensex, Patel Engineering’s returns have been notably weak. Over the past week, the stock declined by ...
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