Recent Price Movement and Market Context
Suraj Ltd’s shares have experienced a notable decline in recent trading sessions, with the latest drop marking a reversal after two consecutive days of gains. The stock closed near its 52-week low, just 1.32% above the lowest price of ₹251.05 recorded within the past year. This proximity to the annual low highlights persistent selling pressure and a lack of upward momentum.
On the day in question, the stock underperformed its sector by 1.48%, signalling relative weakness compared to its peers. Intraday, the price touched a low of ₹253, representing a 2.32% decline from previous levels, further emphasising the bearish sentiment among traders.
Technical Indicators Point to Continued Weakness
From a t...
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