Recent Price Movement and Market Performance
The stock has underperformed significantly over the past week and month, with losses exceeding 10% in both periods, compared to the Sensex’s modest declines of just over 1%. Year-to-date, the stock has fallen by 14.08%, markedly worse than the benchmark’s 1.22% drop. This recent weakness is further underscored by a four-day consecutive decline, during which the stock has lost over 10% in value. Intraday trading on 08 January saw the share price touch a low of ₹338.15, with heavier volumes concentrated near this lower price point, indicating selling pressure.
Technically, the stock is trading below all key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—signalling a bearish trend in the short term. Additionally, i...
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