Meera Industries Faces Intense Selling Pressure Amid Significant Price Declines
Meera Industries Ltd is experiencing notable selling pressure, with a four-day decline resulting in a 13.2% loss. The stock has consistently underperformed compared to the Sensex, trading below all major moving averages. Intraday trading reflected volatility, with significant fluctuations in price observed.
Meera Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a total loss of 13.2% during this period. Today, the stock opened with a gap down of 6.14%, reflecting a stark contrast to the Sensex, which has only dipped by 0.28%.In terms of weekly performance, Meera Industries has fallen by 10.68%, while the Sensex has gained 0.63%. Over the past month, the stock has declined by 12.44%, compared to a 5.73% increase in the Sensex. The three-month performance shows a significant drop of 23.98% for Meera Industries, against a slight decline of 1.66% in the Sensex.
The price summary indicates that Meera Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the stock's downward trend. The intraday trading saw a high of Rs 60.99 and a low of Rs 55.38, underscoring the volatility and selling pressure the stock is currently experiencing.
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