Recent Price Movement and Market Context
Sula Vineyards’ stock price fell by 0.94% on 17-Dec, continuing a four-day losing streak that has seen the share price decline by 2.58% over this period. This recent weakness contrasts with the broader market, where the Sensex has posted modest gains, highlighting the stock’s relative underperformance. Over the past week, the stock has declined by 1.72%, while the Sensex gained 0.20%. The one-month performance is even more stark, with Sula Vineyards down 14.44% compared to a marginal 0.46% decline in the Sensex.
Notably, 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 setup. Investor participation has also waned, with delivery ...
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