Recent Price Movement and Market Context
Som Datt Finance Corporation Ltd’s share price opened with a gap down of 2.89% on 12-Jan, signalling immediate bearish sentiment among traders. The stock further slid to an intraday low of ₹111.6, marking a 6.57% decline from previous levels. This underperformance was more pronounced than the sector average, with the stock lagging by approximately 4% relative to its peers on the same day. Such a gap down and intraday weakness often indicate a lack of confidence or profit-taking by investors in the near term.
Despite this recent weakness, the stock remains above its 50-day and 200-day moving averages, suggesting that the medium to long-term technical trend has not yet turned negative. However, it is trading below its 5-day, 20-da...
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