CARE Ratings Faces Continued Decline Amid Broader Sector Challenges and Market Volatility

CARE Ratings has experienced a significant decline today, with shares dropping by 7.12% as of April 7, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in an overall decrease of 8.61% during this period. The stock opened lower, with a gap down of 4.42%, and reached an intraday low of Rs 1,068.6, reflecting a drop of 7.42%.
In terms of moving averages, CARE Ratings is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The broader ratings sector has also faced challenges, with a decline of 4.2% noted today.

Comparatively, the Sensex has shown some resilience, recovering from an initial drop of 3,914.75 points to trade at 72,383.83, down 3.96%. Despite this recovery, the Sensex remains close to its 52-week low and is trading below its 50-day moving average. Over the past month, CARE Ratings has underperformed the Sensex, with a decline of 9.67% compared to the index's 2.60% drop.