Recent Price Movement and Market Context
The stock hit a new 52-week low of ₹88.05 during intraday trading on 24-Dec, reflecting persistent selling pressure. Over the past three trading sessions, Gita Renewable Energy has recorded a cumulative loss of 8.36%, underscoring a period of consecutive declines. This recent weakness contrasts sharply with the broader market, as the Sensex has posted modest gains of around 1.00% over the past week and 0.60% over the last month.
Further emphasising the stock’s frailty, Gita Renewable Energy underperformed its sector by 3.29% on the day, indicating that the weakness is not isolated to the company but also relative to its industry peers. The stock’s trading levels remain below all key moving averages, including the 5-day, 20-day, ...
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