G G Engineering Faces Intense Selling Pressure Amid Significant Price Declines

G G Engineering Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a one-day performance of -4.92%, starkly contrasting with the Sensex's minor drop of -0.29%. Over the past week, G G Engineering has lost 15.94%, while the Sensex has gained 0.20%. The trend continues with a staggering one-month performance of -37.63% compared to the Sensex's increase of 9.94%.
The stock has now recorded consecutive losses for nine days, resulting in a total decline of 32.14% during this period. G G Engineering's performance over the longer term is equally concerning, with a one-year drop of 72.90% against the Sensex's 9.38% rise. The stock has hit a new 52-week and all-time low of Rs. 0.57 today, underperforming its sector by 6.98%. Additionally, G G Engineering is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors contribute to the ongoing selling pressure observed in the stock.