Orient Cement Stock Plummets 16.3% Amid Oversold Signals

  Published 9 months ago

Orient Cement shares plunge 16.3% to 253.7 rupees, worst since March 2020, with trading volumes surging 9.6x. RSI hits 18.1, signaling oversold conditions; down 26% YTD.

  • Shares hit 253.7 rupees, 16.3% drop marks worst day since March 2020.
  • Trading volumes at 10.9 mln shares, 9.6 times 30-day average.
  • RSI falls to 18.1, suggesting oversold, but cause of decline unclear.

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