Acme Resources Faces Intense Selling Pressure Amid Significant Price Declines

Mar 17 2025 09:35 AM IST
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Acme Resources Ltd is experiencing notable selling pressure, marked by consecutive losses and a decline in today's trading session. Despite a slight increase over the past week, the stock has significantly underperformed over three months. However, it has shown substantial growth over the past five years, indicating long-term resilience.
Acme Resources Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend is underscored by consecutive days of losses, as the stock has declined 3.01% in today's trading session. In comparison, the benchmark Sensex has only seen a modest gain of 0.72% on the same day.

Over the past week, Acme Resources has experienced a slight increase of 0.24%, while the Sensex has risen by 0.33%. However, the stock's performance over the last three months reveals a stark decline of 32.91%, compared to the Sensex's drop of 7.84%. Despite a year-to-date performance of -15.47%, Acme Resources has shown resilience over a longer horizon, with a remarkable 640.54% increase over the past five years.

Today's trading saw Acme Resources open with a gap up of 5.06%, reaching an intraday high of Rs 41.92. The stock's performance today has outperformed its sector by 2.08%. However, it remains below several key moving averages, indicating potential challenges ahead. The ongoing selling pressure may be attributed to broader market trends and investor sentiment within the finance/NBFC sector.
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