Recent Price Movement and Market Context
The stock’s decline on 04-Dec places it perilously close to its 52-week low of ₹223.5, with the closing price just 1.22% above this level. Intraday trading saw the share price fluctuate between a high of ₹236.9, marking a modest 2.78% gain during the session, and a low of ₹224.2, a 2.73% drop. Despite the brief intraday rally, the weighted average price indicates that a greater volume of shares traded nearer to the lower end of the day’s price range, suggesting selling pressure dominated investor activity.
Underperformance Against Benchmarks
Over the past week and month, SAL Automotive’s stock has declined by approximately 4.9%, significantly underperforming the Sensex, which posted gains of 0.53% and 2.1...
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