Recent Price Movement and Market Context
SPARC’s intraday trading on 08-Dec was marked by high volatility, with the stock swinging within a wide range of ₹16.15 and touching a low of ₹137.45, representing a 10.08% drop from previous levels. Despite trading above its 20-day and 50-day moving averages, the stock remains below its 5-day, 100-day, and 200-day averages, signalling mixed technical signals. The weighted average price skewed towards the lower end of the day’s range, indicating selling pressure. Furthermore, investor participation has waned, with delivery volumes on 05 Dec plunging by 57.48% compared to the five-day average, suggesting reduced conviction among shareholders.
Long-Term Underperformance and Weak Fundamentals
SPARC’s share p...
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