Recent Price Movement and Market Context
Safari Industries outperformed its sector today, gaining 1.05% more than the Plastic Products sector, which itself rose by 2.93%. The stock touched an intraday high of ₹2,090, marking a 4.63% increase during the session. This rebound after a brief downtrend suggests renewed buying interest. Notably, the stock’s price is currently above its 5-day and 20-day moving averages, signalling short-term positive momentum, although it remains below longer-term averages such as the 50-day and 200-day, indicating some caution among investors.
Investor participation has surged, with delivery volumes on 02 Feb reaching 1.04 lakh shares, a sharp 212.48% increase compared to the five-day average. This heightened activity points to stronger conv...
Read full news article











