Short-Term Price Movement and Market Context
Shivam Autotech’s share price increase on 03-Dec marks a reversal following two consecutive days of losses. The stock outperformed its sector by 1.66% on the day, indicating relative strength within the auto ancillary space. This uptick is notable given the broader market context, where the benchmark Sensex declined by 0.59% over the past week, while Shivam Autotech gained 0.77% during the same period. Such outperformance suggests that investors are selectively favouring the stock despite its recent volatility.
However, the stock’s one-month return remains negative at -9.85%, contrasting with the Sensex’s positive 1.34% gain. This divergence highlights ongoing headwinds for Shivam Autotech in the near term, even as the lates...
Read More









