Recent Price Movement and Volatility
The stock has been on a downward trajectory for the past four consecutive days, accumulating a loss of 13.14% over this period. Despite opening the day with a 2% gain and touching an intraday high of ₹36.18, SEL Manufacturing ultimately succumbed to selling pressure, hitting a low of ₹33.70 by the close. The intraday volatility was significant at 8.49%, indicating heightened uncertainty among traders. Notably, the stock’s price currently sits above its 20-day, 100-day, and 200-day moving averages but remains below the 5-day and 50-day averages, suggesting short-term weakness amid longer-term support levels.
Underperformance Against Benchmarks
SEL Manufacturing’s recent performance starkly contrasts with broad...
Read More











