Recent Price Movements and Market Context
Salora International’s share price hit a new 52-week low of ₹37.5 on 02-Dec, underscoring the downward pressure on the stock. The intraday low represented a 5.66% decline from previous levels, indicating significant selling interest during the trading session. The weighted average price for the day showed that a larger volume of shares traded closer to this low price, suggesting that sellers dominated the market throughout the day.
In comparison to its sector, Salora International underperformed by 4.43% on the same day, highlighting relative weakness. This underperformance is particularly concerning given that the broader market, represented by the Sensex, has been showing modest gains over recent periods. For instance, while ...
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