Recent Price Movement and Market Performance
The stock has been on a losing streak for the past five consecutive days, shedding 5.7% over this period. Despite opening the day with a positive gap of 2.21% and touching an intraday high of ₹523.8, the price ultimately fell to an intraday low of ₹498, closing near the lower end of the day’s range. This pattern suggests selling pressure intensified as the trading session progressed, with a weighted average price indicating that more volume was traded closer to the day’s low.
Moreover, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook. This technical weakness is compounded by the stock’s underperformance relative to i...
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