Recent Price Movement and Market Performance
Polyplex’s shares have been under pressure for several sessions, with the stock losing 5.01% over the past two days. The price touched an intraday low of ₹783, representing a 3.27% decline on the day. Notably, the stock is trading just 1.65% above its 52-week low of ₹775, signalling sustained weakness. The weighted average price indicates that a larger volume of shares exchanged hands near the lower price levels, reflecting selling pressure. Furthermore, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 16 Dec falling by 10.71% compared to the five-day...
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