Anant Raj Shares Decline Amid Broader Downturn in Construction Sector

Anant Raj, a midcap player in the construction and real estate sector, has experienced a significant decline today, with shares dropping by 5.04%. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in a total decline of 7.29% over this period.
Opening the day with a gap down of 5.12%, Anant Raj reached an intraday low of Rs 416.1. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In comparison, the broader construction and real estate sector has also seen a downturn, falling by 2.94%.

In the context of the overall market, the Sensex has shown resilience, recovering from an initial drop of 1,366.47 points to trade at 79,662.73, down 0.84%. While Anant Raj's performance over the past month has been relatively stable, with a slight decline of 0.26%, its year-to-date performance has been notably poor, down 51.29%. Over the longer term, however, the stock has shown substantial growth, with a remarkable increase of 687.70% over the past three years.