Persistent Downtrend Evident in Price and Returns
Vama Industries closed at ₹4.81 on 02-Dec, down by 0.41% or ₹0.02 from the previous session. This decline is part of a broader pattern, with the stock hitting a new 52-week low of ₹4.59 on the same day. The price movement reflects a continuation of weakness, as the stock has now recorded losses for three consecutive days, cumulatively falling by 9.59% during this period. Such a streak indicates sustained selling pressure and a lack of immediate buying interest at current levels.
When analysing the stock’s performance relative to the benchmark Sensex, the contrast is stark. Over the past week, Vama Industries has declined by 2.83%, while the Sensex gained 0.65%. The divergence widens over longer periods: the stock has lo...
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