Welterman International Ltd Faces Price Volatility Amid Strong Buying Activity

Welterman International Ltd, a microcap player in the leather industry, is currently witnessing strong buying activity despite recent price declines. The stock has experienced consecutive losses over the past two days, with a total drop of 5.45%. Today, it is down by 0.49%, contrasting with the Sensex, which has gained 0.50%. Over the past week, Welterman has seen a significant decline of 10.13%, while the Sensex has risen by 1.73%.
In terms of longer-term performance, Welterman International has shown resilience, with a 21.72% increase over the past year, outperforming the Sensex's 6.41% rise. Over three years, the stock has surged by 187.70%, compared to the Sensex's 35.41%. However, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

The leather sector overall has faced challenges, with a decline of 3.63%, which may be contributing to the erratic trading patterns observed in Welterman International. The stock did not trade on one day out of the last 20, reflecting volatility in market activity.