Recent Price Movement and Market Context
The stock’s decline on 09-Jan was sharper than the sector’s performance, underperforming by 2.57%. Intraday, the share touched a low of ₹3,674.5, marking a 4.63% drop from previous levels. This downward movement is compounded by the fact that Schaeffler India is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a weakening technical trend.
Investor participation has also waned, with delivery volumes on 08 Jan falling by 43.62% compared to the five-day average, indicating reduced buying interest. Despite this, liquidity remains adequate for moderate trade sizes, suggesting that the stock remains accessible to investors but with diminished enthusiasm.Read full news article













