Arrow Greentech Faces Intense Selling Pressure Amid Significant Price Declines
Arrow Greentech Ltd is experiencing notable selling pressure, marked by a nine-day decline totaling 16.11%. The stock has underperformed against the Sensex, with significant losses over various time frames, including a 27.20% drop in the last three months, attributed to market sentiment and economic conditions in the plastic products sector.
Arrow Greentech Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past nine days, resulting in a total loss of 16.11% during this period. Today, the stock opened with a gap down of 2%, reaching an intraday low of Rs 576.3, reflecting a 2% decrease.In terms of performance, Arrow Greentech has notably underperformed relative to the Sensex. Over the last day, the stock fell by 2.00%, while the Sensex gained 0.60%. The one-week performance shows a decline of 7.75% for Arrow Greentech compared to a 0.95% increase in the Sensex. Over the past month, the stock has decreased by 2.32%, while the Sensex has risen by 7.45%.
Longer-term trends reveal a significant drop of 27.20% over the last three months, contrasting sharply with the Sensex's 3.46% gain. Year-to-date, Arrow Greentech has declined by 27.00%, while the Sensex has increased by 3.64%. Factors contributing to this selling pressure may include market sentiment and broader economic conditions affecting the plastic products industry.
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