Recent Price Movement and Market Context
The stock’s recent gains are part of a short-term positive trend, having recorded consecutive increases over the last two days, accumulating a 3.18% return in this period. Today, the share price touched an intraday high of ₹13,531, marking a 2.89% increase from the previous close. This performance outpaced its sector by 1.77%, signalling relative strength within its industry segment. Furthermore, the stock currently trades above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating short to medium-term bullish momentum, although it remains below the 200-day moving average, which suggests longer-term resistance.
Despite these gains, investor participation appears to be waning slightly, with delivery volumes on 03 Dec...
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