Sugal & Damani Faces Intense Selling Pressure Amid Significant Price Declines

Apr 01 2025 12:05 PM IST
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Sugal & Damani Share Brokers Ltd is experiencing notable selling pressure, with the stock facing consecutive losses and significant declines over various time frames. It has underperformed against the benchmark Sensex, trading below multiple moving averages and exhibiting erratic trading patterns in recent weeks.
Sugal & Damani Share Brokers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling 4.98% in just one day and a total of 9.72% over the past week. This trend is particularly concerning as it has underperformed the benchmark Sensex, which declined by 1.70% on the same day and 2.46% over the week.

Over the past month, Sugal & Damani has seen a staggering decline of 21.66%, while the Sensex has gained 3.96%. The three-month performance reveals a 40.38% drop for Sugal & Damani, contrasting sharply with the Sensex's modest decline of 3.07%. Year-to-date, the stock has plummeted 41.56%, compared to the Sensex's decline of only 2.61%.

The stock opened with a gap down today, hitting an intraday low of Rs 46.9. Additionally, it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Contributing factors to this selling pressure may include erratic trading patterns, as the stock did not trade on two days out of the last 20.
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