Market Performance and Sector Influence
Triveni Turbine’s share price movement on 09-Dec aligns closely with the broader engineering sector, which itself gained 2.12% during the trading session. The stock touched an intraday high of ₹553.05, marking a 2.98% increase from its previous close. This positive momentum is further supported by the stock trading above its short- to medium-term moving averages, including the 5-day, 20-day, 50-day, and 100-day averages, signalling sustained buying interest. However, it remains below the 200-day moving average, indicating some longer-term resistance.
Despite the encouraging price action, investor participation showed signs of moderation. Delivery volume on 08-Dec stood at 1.76 lakh shares, representing a 6.94% decline compared to...
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