C J Gelatine Experiences Increased Buying Activity Amid Ongoing Price Declines

C J Gelatine Products Ltd is currently witnessing strong buying activity, despite its recent performance showing a downward trend. Over the past day, the stock has declined by 1.83%, underperforming the Sensex, which fell by only 0.33%. This trend continues over the week, with C J Gelatine down 7.42% compared to the Sensex's modest decline of 0.45%.
In the longer term, the stock has faced significant challenges, with a 1-month decrease of 6.99% and a year-to-date drop of 38.50%, while the Sensex has gained 5.02% during the same period. Notably, C J Gelatine's performance over the last three years shows a decline of 18.69%, contrasting sharply with the Sensex's impressive 55.44% increase.

Today's trading session opened with a gap up, but the stock remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The intraday high has not been specified, but the overall performance suggests that while buying pressure is evident, it is occurring against a backdrop of broader market challenges and underperformance relative to the Sensex.