Recent Price Movement and Market Context
On 28 January, Saraswati Commercial’s share price closed at ₹12,238.35, down ₹425.10 or 3.36% from the previous close. The stock underperformed its sector, which gained 2.58% on the same day, and also lagged behind the broader market indices. Intraday, the stock touched a low of ₹12,200, with heavier trading volume concentrated near this low, signalling selling pressure. Furthermore, the stock is trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – indicating a sustained downtrend.
Investor participation has also waned, with delivery volumes on 27 January plunging by 72.8% compared to the five-day average, suggesting reduced conviction among shareholders. Despite this, liquidity remains adequate ...
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