Recent Price Movement and Trend Reversal
Sanmit Infra’s share price had been under pressure for several sessions, experiencing four consecutive days of decline prior to the latest trading day. The 11.54% gain on 10-Dec marks a clear trend reversal, signalling renewed buying interest among investors. This rebound is particularly noteworthy given the stock’s underperformance relative to the broader market and its sector over longer time frames.
Despite this positive movement, the stock remains below its longer-term moving averages, including the 20-day, 50-day, 100-day, and 200-day averages. However, it has managed to climb above the 5-day moving average, suggesting a short-term improvement in momentum that traders may find encouraging.
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