Recent Price Movements and Market Context
Speciality Restaurants Ltd’s share price has been under pressure for some time, with the stock hitting a new 52-week low of ₹107.85 on the day. The stock opened with a gap down of 2.17%, signalling immediate bearish sentiment among investors. Throughout the trading session, the price touched an intraday low of ₹107.85, representing a 4.47% decline from the previous close. The weighted average price indicates that a larger volume of shares traded closer to the day’s low, suggesting sustained selling interest rather than a recovery attempt.
Adding to the negative momentum, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning often signal...
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