Recent Price Movement and Market Context
The stock’s decline on 21-Nov was marked by an intraday low of ₹105.2, representing a 6.49% drop from previous levels. Notably, the weighted average price indicated that a larger volume of shares traded near this low, signalling selling pressure. The stock underperformed its sector by 4.3% on the day, and its one-week and one-month returns have been negative at -10.64% and -9.34% respectively, contrasting sharply with the Sensex’s modest gains of 0.79% and 0.95% over the same periods. This short-term underperformance suggests investors are reacting to immediate concerns rather than the company’s longer-term growth trajectory.
Adding to the bearish sentiment, investor participation has waned, with delivery volumes on 20 Nov falli...
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