Short-Term Price Movement and Market Performance
The stock has been under considerable pressure over the past week, with a steep one-week decline of 18.49%, markedly underperforming the Sensex benchmark, which fell by only 1.86% during the same period. This downward trend extends over the last nine consecutive trading sessions, during which Universal Cables has lost over 21% in value. Year-to-date, the stock has declined by 14.84%, again significantly lagging the broader market’s modest 2.16% fall.
On the day in question, the stock touched an intraday low of ₹751.40, representing a 6.66% drop from the previous close. The weighted average price indicates that a larger volume of shares traded closer to this low, signalling strong selling interest at lower price levels. F...
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