CG Power Faces Sustained Downward Trend Amid Broader Market Decline

Jan 13 2025 11:05 AM IST
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CG Power & Industrial Solutions has encountered significant challenges, with a notable decline in stock performance. Over the past four days, the company has experienced consecutive losses, underperforming compared to the broader market. The stock is also trading below multiple moving averages, indicating a sustained downward trend.
CG Power & Industrial Solutions, a key player in the capital goods sector, has faced notable challenges today, experiencing a decline of 3.01% on January 13, 2025. The stock opened with a gap down, reflecting a loss of 3.08% at the start of trading, and reached an intraday low of Rs 630.3, indicating significant downward pressure.

Over the past four days, CG Power has recorded consecutive losses totaling 11.64%, underperforming against the broader market, which saw the Sensex decline by only 0.53% on the same day. In a longer-term context, the stock has dropped 18.03% over the past month, contrasting sharply with the Sensex's decrease of 6.29% during that timeframe.

Additionally, CG Power is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a sustained downward trend in its performance metrics.
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