Recent Price Movement and Market Context
PDS Ltd’s stock price rose sharply by ₹36.1, or 10.4%, as of 08:40 PM on 19-Dec, outperforming its sector by 6.19% on the day. The stock reached an intraday high of ₹403.9, representing a 16.41% increase from the previous close, and traded within a wide range of ₹58.25. This price action indicates heightened volatility and renewed buying interest after a short-term downtrend.
Despite this rally, the weighted average price suggests that more volume was traded closer to the day’s low, hinting at some resistance at higher levels. The stock currently trades above its 5-day, 20-day, 50-day, and 100-day moving averages but remains below the 200-day moving average, signalling a mixed technical outlook.
Long-Term Performa...
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