Ashiana Housing Experiences Consecutive Declines Amid Broader Market Weakness

Jan 13 2025 02:00 PM IST
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Ashiana Housing Ltd., a small-cap construction and real estate firm, experienced a significant decline on January 13, 2025, marking its third consecutive day of losses. Despite this downturn, the stock has shown a slight gain over the past month, contrasting with broader market trends.
Ashiana Housing Ltd., a small-cap entity in the construction and real estate sector, faced a notable decline of 7.19% on January 13, 2025, underperforming its sector, which fell by 4.81%. This marks a consecutive three-day decline totaling 14.47%. During intraday trading, the stock hit a low of Rs 331.3, reflecting a decrease of 7.35%.

In terms of moving averages, Ashiana Housing is currently positioned above the 50-day and 100-day averages but below the 5-day, 20-day, and 200-day moving averages. When compared to the broader market, Ashiana Housing's one-day performance starkly contrasts with the Sensex's decline of 1.17%. However, over the past month, the stock has managed a slight gain of 1.93%, while the Sensex has decreased by 6.89%.
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