Recent Price Movement and Market Performance
Raymond’s shares have been under pressure, falling for two consecutive days and registering an 8.4% loss over this period. The stock’s intraday low touched ₹456.50, marking an 8.02% drop from previous levels. Trading volumes have been concentrated near these lower price points, indicating selling pressure. The stock also exhibited high volatility today, with an intraday price fluctuation of 5.77%, reflecting uncertainty among investors. Furthermore, Raymond is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Long-Term Underperformance and Financial Challenges
Over the past year, Raymond’s stock has delive...
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