Recent Price Movements and Market Performance
The stock hit a new 52-week and all-time low of ₹27.45 during intraday trading, marking an 11.65% fall from previous levels. It has been on a downward trajectory for two consecutive days, losing 4.27% in that period alone. The share price has underperformed its sector by 4.05% today and has traded within a wide range of ₹4.22, indicating heightened volatility. The weighted average price suggests that most trading volume occurred near the lower end of the day’s range, signalling selling pressure.
Further compounding concerns, Pavna Industries is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical weakness often reflects a bearish outlook among investors. A...
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