Recent Price Movement and Market Context
On 05-Dec, Sandesh Ltd. closed at ₹1,051.10, down ₹47.20 or 4.3% from the previous session. The stock has been on a consistent downward trajectory, losing value for six consecutive days and registering a cumulative decline of 5.12% during this period. Intraday trading saw the stock touch a low of ₹1,051.10, with heavier volumes concentrated near these lower price levels, signalling selling pressure. Furthermore, Sandesh is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
Comparatively, the broader Sensex index has remained resilient, posting modest gains of 0.01% over the past week and 2.70% over the last month, while Sandesh has ...
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