Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past four consecutive days, cumulatively losing 9.43% in returns during this period. On the day in question, the share price touched an intraday low of ₹1,278.05, representing a 5% decline from previous levels. This underperformance is more pronounced when compared to the chemicals sector, which itself declined by 2.07%, and the broader Sensex index, which remained relatively flat with a marginal 0.06% loss over the past week.
Trading volumes also indicate waning investor enthusiasm, with delivery volumes on 21 Nov falling by 25.88% against the five-day average. The weighted average price suggests that more shares were traded closer to the day’s low, signalling selling pressure...
Read More







