Stock Radar: Down over 40% from highs! Should investors buy this pipe stock on dips?

  • Posted on January 24, 2025
  • By Business News Today
  • 6 Views
Stock Radar: Down over 40% from highs! Should investors buy this pipe stock on dips?

Finolex Industries’ stock price has fallen 41% from its June 2024 high of Rs 355 to Rs 207 on January 22, 2025. Despite falling below key moving averages, the stock has found support at the 200-215 level, which coincides with the 200-day moving average. This suggests a potential technical bounce back from this crucial support zone.
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