Recent Price Movement and Market Context
Tata Power’s stock has been under pressure for the past two days, registering a cumulative loss of 2.64%. The intraday low touched ₹372.30, marking a 3.12% dip from the previous close. This underperformance is more pronounced when compared to the broader Power Generation and Distribution sector, which itself declined by 2.13% on the same day. Furthermore, the stock has lagged behind the Sensex benchmark, which posted a modest gain of 0.63% over the past week, while Tata Power’s shares fell 3.96% in the same period.
The weighted average price indicates that a significant volume of shares traded closer to the day’s low, suggesting selling pressure. Additionally, the stock is trading below all key moving averages — 5-day, 20-day, 5...
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