Recent Price Movement and Market Performance
On 11 December, Vadilal Industries witnessed a decline of ₹105.4, or 2.02%, closing at ₹5,100. This drop comes after two consecutive days of losses, during which the stock has fallen by 2.68%. The stock’s underperformance is notable when compared to its sector, as it lagged by 2.43% on the day. Furthermore, the share price has slipped below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish trend in the short term.
Investor participation has also diminished, with delivery volumes on 10 December falling by nearly 52% compared to the five-day average. This reduced trading activity may indicate waning enthusiasm or caution among shareholders. Despite this, the stock...
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