Recent Price Movement and Market Context
The stock’s rise on 05-Dec is particularly striking given its recent trend. After experiencing two consecutive days of falling prices, Sonal Mercantile reversed course decisively, touching an intraday high of ₹106.90, representing an 8.1% gain during the session. This rebound is underscored by the stock trading above all key moving averages – including the 5-day, 20-day, 50-day, 100-day, and 200-day averages – signalling a robust short- to long-term bullish momentum. Such technical strength often attracts renewed investor interest, contributing to upward price pressure.
Performance Relative to Benchmarks
When analysing Sonal Mercantile’s performance against the broader market, the stock has outpaced the S...
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