Recent Price Movement and Market Performance
On 26 November, Ultracab’s shares closed at ₹8.91, down by 0.67% or ₹0.06 from the previous session. This decline marks the second consecutive day of losses, with the stock falling by 1.11% over this short period. The stock’s underperformance is further highlighted by its relative weakness against the broader sector, lagging by 2.08% today. Notably, Ultracab is trading below all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — signalling a bearish trend and a lack of upward momentum in the near term.
Investor participation has also waned, with delivery volumes on 25 November dropping sharply by 63.68% compared to the five-day average. This decline in trading activity suggests reduced...
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