Short-Term Price Movement and Sector Influence
PPAP Automotive Ltd’s recent price surge is underscored by its outperformance relative to the Auto Ancillary sector and the broader market. On the day in question, the stock outpaced its sector by 1.53%, while the Auto Ancillary sector itself gained 2.45%. This sectoral strength likely provided a supportive backdrop for the stock’s gains. Additionally, the stock has been on a positive trajectory for two consecutive days, accumulating a 4.71% return over this brief period. Intraday, the share price touched a high of ₹204.45, marking a 5.17% increase from previous levels, signalling robust buying interest during the session.
Despite this short-term rally, the stock remains positioned below its longer-term moving averages, in...
Read full news article











