News and ViewsRecent Price Movement and Sector Context
On 08-Dec, Vishal Mega Mart’s shares fell by ₹3.10, or 2.33%, closing near the day’s low of ₹129.10, marking a 2.93% intraday decline. This drop aligns with the broader retail sector’s downturn, which saw a 2.09% fall on the same day. The stock has underperformed the benchmark Sensex over the past week and month, with returns of -3.02% and -9.22% respectively, compared to the Sensex’s modest gains of 0.63% and 2.27% over the same periods. Despite this short-term weakness, the stock remains up 22.20% year-to-date, outperforming the Sensex’s 8.91% gain.
Technical indicators reveal that while the stock price remains above its 200-day moving average, it is trading below its 5-day, 20-day, 50-day, and 100-day moving averages. This su...
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