Brady & Morris Engineering Faces Intense Selling Pressure Amid Consecutive Losses
Brady & Morris Engineering Company Ltd is experiencing notable selling pressure, with a three-day decline of 6.02% and a significant drop of 23.29% over the past month. The stock is trading below all major moving averages, reflecting a bearish trend amid broader market and sector challenges.
Brady & Morris Engineering Company Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, with a total decline of 6.02% during this period. Today alone, the stock opened with a notable gap down of 5%, reaching an intraday low of Rs 1380.75.In terms of performance, Brady & Morris has underperformed relative to the Sensex, which has shown a slight increase of 0.10% today. Over the past week, the stock has declined by 11.33%, while the Sensex has remained relatively stable with a decrease of just 0.03%. The one-month performance reveals a significant drop of 23.29% for Brady & Morris, compared to a modest decline of 2.20% for the Sensex.
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Contributing factors to this selling pressure may include broader market conditions and sector-specific challenges within the automobile industry.
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