Recent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative loss of nearly 5.93%. Intraday trading saw the share touch a low of ₹873.30, representing a 6.24% decline from previous levels. Notably, the weighted average price indicates that a larger volume of shares exchanged hands closer to the day’s low, signalling selling pressure. Furthermore, Sika Interplant is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day marks, which often acts as a bearish technical indicator.
The engineering sector, to which Sika Interplant belongs, also experienced a downturn, falling by 2.78% on the same day. This sector-wide weakness has likely compounded the stock’s dec...
Read full news article












