Gravita India Faces Ongoing Stock Decline Amid Broader Market Stability

Gravita India, a midcap player in the non-ferrous metal industry, has experienced a significant decline in its stock performance today, losing 5.25% as of January 24, 2025. This drop marks the fourth consecutive day of losses for the company, with a total decline of 7.53% over this period.
The stock opened lower, with a gap down of 3.67%, and reached an intraday low of Rs 2033.3, reflecting a decrease of 6.24% at its lowest point. In comparison to the broader market, Gravita India underperformed, with its daily performance lagging behind the Sensex, which saw a minimal decline of 0.07%.

In terms of moving averages, Gravita India’s stock is currently positioned above its 200-day moving average but falls short of its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past month, the stock has declined by 11.53%, contrasting with the Sensex's decrease of 2.55%. These metrics highlight the ongoing challenges faced by Gravita India in the current market environment.