Technical Momentum Shifts Signal Caution in Specialty Chemicals Sector
Overview of Price Movement and Market Context
As of the latest trading session, Amal’s stock price closed at ₹656.70, down from the previous close of ₹686.90, marking a day change of approximately -4.40%. The intraday range saw a high of ₹694.00 and a low of ₹650.00, indicating some volatility within the session. When compared to its 52-week range, the stock remains significantly below its high of ₹1,148.00 but comfortably above the low of ₹412.00, suggesting a wide trading band over the past year.
In terms of relative performance, Amal has outpaced the broader market benchmark, the Sensex, over multiple periods. Year-to-date returns for Amal stand at 44.97%, compared to the Sensex’s 8.22%. Over the past year, the stock has…
