Carraro India (CARRARO) Share News & Alerts
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Carraro India Ltd leads losers in 'B' group
▼ Bearish +8.81%
Carraro India experienced severe intraday selling pressure, reversing a nearly 10% morning spike to close deeply in the red as the leading loser in the BSE 'B' group. The sharp reversal stems from immediate profit booking after hitting a new 52-week peak coupled with market worries over rising input costs. From a swing perspective, this high-volume reversal creates near-term technical overhead pressure, likely keeping the stock range-bound or bearish over the next 1-2 weeks.
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