Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past two days, cumulatively losing 6.55% in value. This recent weakness is more pronounced than the broader petrochemical sector, which itself declined by 2.32% on the same day. Tamil Nadu Petro Products Ltd underperformed its sector by 1.65%, signalling specific pressures on the stock beyond general market trends.
Intraday trading saw the stock touch a low of ₹86.10, representing a 5.75% drop from previous levels. The weighted average price indicates that a larger volume of shares exchanged hands closer to this lower price point, suggesting selling pressure dominated trading activity. Furthermore, the stock is currently trading below all key moving averages – including the 5-d...
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