Recent Price Movement and Market Context
Piccadily Sugar’s stock has been under pressure, hitting a new 52-week low of ₹41 during intraday trading on 02-Dec. The stock’s performance today notably lagged behind its sector peers, underperforming by 3.51%. This decline is part of a broader four-day losing streak, during which the stock has fallen approximately 6.21%. The weighted average price for the day indicates that a larger volume of shares traded closer to the day’s low, suggesting selling pressure dominated trading activity.
Further compounding the negative sentiment, the stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often signals bearish momentum and can dete...
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