Golkunda Diamonds Faces Intense Selling Pressure Amid Significant Price Declines

Mar 17 2025 12:55 PM IST
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Golkunda Diamonds & Jewellery Ltd is experiencing notable selling pressure, with the stock declining significantly over the past two days and showing a bearish trend. It has underperformed against the Sensex, with recent losses attributed to broader market trends and challenges in the diamond and gold jewellery sector.
Golkunda Diamonds & Jewellery Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, resulting in a total decline of 7.96%. Today, Golkunda Diamonds fell by 4.99%, significantly underperforming the Sensex, which gained 0.23%.

In the past week, the stock has dropped 13.26%, while the Sensex saw a slight decrease of 0.16%. Over the last month, Golkunda Diamonds has lost 12.99%, compared to a 2.63% decline in the Sensex. Despite a strong performance over the longer term, including a 118.81% increase over three years, the recent trend indicates a shift in market sentiment.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The day's low was recorded at Rs 194.3, reflecting the ongoing selling activity. Factors contributing to this pressure may include broader market trends and sector-specific challenges within the diamond and gold jewellery industry.
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