Bajel Projects Faces Continued Stock Decline Amid Broader Market Weakness

Bajel Projects, a small-cap player in the engineering sector, has experienced significant downward movement in its stock price, losing 7.23% on February 11, 2025. This decline marks a continued trend, as the stock has now fallen for four consecutive days, resulting in an overall drop of 18.15% during this period.
On this trading day, Bajel Projects underperformed its sector, which saw a decline of 2.13%, and the stock's performance was notably weaker than the broader market, with a 1-day performance of -6.97% compared to the Sensex's modest decline of 0.53%. The stock reached an intraday low of Rs 194.7, reflecting a decrease of 7.4% at its lowest point.

Additionally, Bajel Projects is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. Over the past month, the stock has recorded a decline of 18.33%, further highlighting its struggles in the current market environment.