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.