Recent Price Movement and Market Context
The stock has been under pressure for the past two days, cumulatively losing 4.47% in returns. On 03-Dec, it opened with a gap down of 2.27%, signalling early bearish sentiment among traders. Intraday, the share price touched a low of ₹315, marking a 3.82% decline from the previous close. The weighted average price for the day indicates that a larger volume of shares traded closer to this lower price point, suggesting selling dominance throughout the session.
Compared to its sector, Sanghvi Movers underperformed by 2.63% on the day, highlighting relative weakness. This underperformance is further underscored by the stock’s one-week return of -7.36%, which contrasts sharply with the Sensex’s modest decline of 0.59% over the same ...
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