Recent Price Movement and Market Context
The stock’s fall on 17-Dec is part of a three-day losing streak, during which Sasken Technologies has declined by approximately 4.42%. The intraday low of ₹1,175 represents the lowest price level the stock has reached in the past year, signalling persistent selling pressure. This underperformance is further highlighted by the stock’s relative weakness compared to its sector, as it underperformed the sector by 3.27% on the day.
Trading volumes also suggest that the decline is supported by increased investor participation. Delivery volumes on 16-Dec rose by 33.27% compared to the five-day average, indicating that more investors are actively selling or exiting positions. Additionally, the weighted average price shows that a greater...
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