Scoobee Day Garments Faces Intense Selling Pressure Amid Significant Price Declines

Mar 17 2025 09:55 AM IST
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Scoobee Day Garments India Ltd is experiencing significant selling pressure, with a notable decline in its stock price over recent days. The stock has underperformed compared to the Sensex, showing a substantial decrease over the past month and year-to-date, amid concerns regarding its trading activity and market sentiment.
Scoobee Day Garments India Ltd is currently facing significant selling pressure, with today's trading session showing only sellers. The stock has recorded a notable decline of 4.99%, starkly contrasting with the Sensex, which has gained 0.63% today. This marks the continuation of a downward trend, as Scoobee Day has experienced losses for the last two consecutive days, totaling a drop of 3.51% during this period.

Over the past week, the stock has declined by 5.02%, while the Sensex has shown a modest increase of 0.24%. The longer-term performance reveals a troubling picture, with a 22.05% decrease over the past month compared to a slight 2.24% dip in the Sensex. Year-to-date, Scoobee Day's performance is down 35.55%, significantly underperforming the Sensex's decline of 4.92%.

Several factors may be contributing to this selling pressure, including the stock's recent trading activity, which has been characterized by a narrow range of Rs 0.5. Additionally, while the stock is above its 200-day moving average, it remains below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a potential shift in market sentiment.
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