Recent Price Movement and Market Context
The stock has been under pressure for the past two days, registering a cumulative decline of 4.85%. This recent downturn contrasts with its year-to-date performance, which remains robust at a gain of 12.33%, outperforming the Sensex's 8.35% rise over the same period. However, over the past week, the stock's return of -5.21% significantly underperformed the benchmark Sensex, which declined by only 0.55%. This divergence suggests that the stock is experiencing specific selling pressures not broadly affecting the market.
Intraday trading on 09-Dec saw the stock touch a low of ₹502.25, marking a 2.3% drop from previous levels. The share price currently trades above its 50-day, 100-day, and 200-day moving averages, indicating a gener...
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