Gratex Industries Faces Intense Selling Pressure Amid Continued Price Declines
Gratex Industries Ltd is experiencing notable selling pressure, with the stock continuing a streak of losses. Over the past month, it has declined significantly, underperforming the Sensex. Currently, it is trading near its 52-week low and below all key moving averages, reflecting a consistent downward trend.
Gratex Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, contributing to a one-week decline of 4.69%. In stark contrast, the Sensex has gained 3.37% during the same period, highlighting the underperformance of Gratex Industries.Over the past month, Gratex Industries has seen a drop of 13.09%, while the Sensex has risen by 3.93%. The three-month performance reveals a substantial decline of 32.18% for Gratex, compared to a negligible increase of 0.01% for the Sensex. Year-to-date, the stock has plummeted by 35.70%, while the Sensex has only dipped by 1.81%.
The stock is currently trading close to its 52-week low, just 2.19% away from Rs 16.49. Additionally, Gratex Industries has underperformed its sector by 2.82% today. The stock has exhibited erratic trading patterns, not trading on two days out of the last 20. Furthermore, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend.
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