Recent Price Movement and Market Context
On 08 January, Shalimar Paints underperformed its sector, falling by 3.69% and touching an intraday low of ₹69.35, representing a 4.93% decline from previous levels. The weighted average price indicates that a larger volume of shares traded near the day's low, signalling selling pressure. Although the stock remains above its 5-day, 20-day, and 50-day moving averages, it is still trading below its 100-day and 200-day averages, suggesting a mixed technical outlook. Notably, investor participation has diminished sharply, with delivery volumes on 07 January falling by 67.1% compared to the five-day average, indicating waning enthusiasm among shareholders.
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