Recent Price Movement and Market Performance
The stock has been under pressure over the last two trading sessions, registering a cumulative decline of 4.26%. On the day in question, it touched an intraday low of ₹1,445, marking a 2.32% drop from previous levels. This underperformance is notable when compared to its sector peers, as the stock lagged behind the sector by 1.52% on the same day. The short-term weakness is further highlighted by the stock’s 5-day moving average positioning; it currently trades below this average, although it remains above its 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that while the immediate momentum has softened, the medium to long-term trend remains intact.
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