Garden Reach Shipbuilders Faces Significant Stock Decline Amid Broader Market Challenges

Feb 12 2025 10:05 AM IST
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Garden Reach Shipbuilders & Engineers has seen a significant decline in its stock, down 5.64% today and 8.6% over the past two days. The company is trading below all major moving averages, indicating a bearish trend, and has underperformed relative to the broader market indices.
Garden Reach Shipbuilders & Engineers has experienced a notable decline today, with the stock down by 5.64% as of February 12, 2025. This midcap company, operating in the shipbuilding industry, has underperformed compared to its sector, which has also seen a decrease of 5%. Over the past two days, Garden Reach has faced consecutive losses, totaling an 8.6% drop in returns during this period.

The stock reached an intraday low of Rs 1365.65, reflecting a decrease of 5.84% at its lowest point. Additionally, Garden Reach is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its performance metrics.

In terms of broader market context, the stock's one-day performance of -5.05% contrasts with the Sensex, which has only declined by 1.08%. Over the past month, Garden Reach Shipbuilders & Engineers has recorded a decrease of 6.64%, while the Sensex has fallen by 2.47%. These figures highlight the challenges faced by the company in the current market environment.
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