G G Engineering Faces Intense Selling Pressure Amid 18-Day Losing Streak

G G Engineering Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, which operates in the heavy electrical equipment sector, has experienced a troubling trend, marking its 18th consecutive day of losses. Over this period, the stock has declined by 27.03%.
In terms of performance, G G Engineering has underperformed the benchmark Sensex across various time frames. Today, the stock fell by 1.82%, while the Sensex gained 0.37%. Over the past week, G G Engineering's decline reached 8.47%, contrasting sharply with the Sensex's 2.10% increase. The stock's performance over the last month shows a drop of 12.90%, compared to the Sensex's rise of 4.08%.

Notably, G G Engineering has hit a new 52-week and all-time low of Rs. 0.54 today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The ongoing selling pressure may be attributed to various factors, including market sentiment and company-specific challenges, but the exact reasons remain unclear.