Recent Price Movement and Market Context
On 02 December, Shankara Building Products traded close to its 52-week low, just 4.51% above the lowest price of ₹111.86 recorded in the past year. The stock’s performance today was broadly in line with its sector peers, yet it remains significantly below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning signals persistent bearish sentiment among traders and investors.
Investor participation has notably diminished, with delivery volumes on 01 December falling by 75.83% compared to the five-day average. Such a sharp decline in trading activity suggests waning interest and confidence in the stock, which often exacerbates price declines.










