Recent Price Movement and Market Performance
Vinyl Chemicals has been on a losing streak for the past three consecutive days, during which it has shed nearly 6% in value. On the day in question, the stock touched an intraday low of ₹246.3, representing a 4.2% decline from previous levels. The weighted average price indicates that a larger volume of shares traded closer to this low, suggesting selling pressure dominated the session. This price action is further underscored by the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Comparative Returns Against Benchmarks
When analysing Vinyl Chemicals’ returns relative to the Sensex, the disparity i...
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