Ecoboard Industries Faces Intense Selling Pressure Amid Consecutive Losses

Mar 25 2025 10:20 AM IST
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Ecoboard Industries Ltd is experiencing notable selling pressure, with the stock declining significantly over recent days. It has underperformed its sector and the broader market, reflecting a substantial year-to-date drop. The stock is trading below key moving averages, indicating a continued lack of upward momentum.
Ecoboard Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, with a decline of 4.84% in just one day, contributing to a total drop of 9.8% over the last two days. This performance starkly contrasts with the Sensex, which has gained 0.73% today and 4.32% over the past week.

Over the past week, Ecoboard Industries has underperformed its sector by 3.95%, and its year-to-date performance reflects a substantial decline of 24.97%, while the Sensex has only increased by 0.53%. The stock has also shown a negative trend over longer periods, with a 12.76% drop in the last three months and a 10.29% decline over the past year.

Today, the stock opened at Rs 24.4, marking a gap down, and reached an intraday low of Rs 24.4, indicating a lack of upward momentum. Additionally, Ecoboard Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing selling pressure.
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