Recent Price Movement and Market Comparison
Despite opening the day with a positive gap of 3.86%, the stock failed to sustain gains and hit a new 52-week low of ₹117.05 during intraday trading. The weighted average price indicates that most volume was traded near the day’s low, signalling selling pressure. Phoenix Township’s shares underperformed its sector by 0.31% on the day and are trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, highlighting a bearish technical outlook.
Over the past week and month, the stock has declined by 3.35% and 13.84% respectively, significantly underperforming the Sensex, which gained 7.67% over the last year while Phoenix Township’s shares plunged 56.06%. This stark contrast emphasi...
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