Recent Price Movement and Market Performance
SKF India Ltd has experienced a notable decline over the past week, with the stock falling 6.57%, significantly underperforming the Sensex’s modest 0.39% drop during the same period. Year-to-date, the stock has lost 8.81%, nearly double the Sensex’s 3.95% decline. The immediate price action on 27-Jan saw the stock hit an intraday low of ₹1,664.1, down 4.42%, with a weighted average price indicating heavier trading volume near this low point. This suggests selling pressure intensified as the day progressed.
The stock has also been on a consecutive two-day losing streak, shedding 4.55% in that span. Notably, the stock’s moving averages reveal a mixed technical picture: it trades above its 100-day and 200-day moving averages, s...
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