Recent Price Movement and Market Performance
Despite opening the day with a positive gap of 2.29%, the stock was unable to sustain gains and ended the session lower. Intraday volatility was evident as the share touched a high of ₹737.95 before sliding to a low of ₹706.85. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, signalling selling pressure towards the end of the session. This price action reflects a lack of conviction among investors, compounded by the stock trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – which typically suggests a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 10 Dec dropping sharply by over 75% compared to the f...
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