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 consecutive decline over the past eight days, resulting in a total loss of 27.38% during this period. Today, G G Engineering's stock price dropped by 6.25%, starkly contrasting with the Sensex, which fell only 0.27%.
In the past week, G G Engineering has seen a decline of 16.67%, while the Sensex has managed a slight gain of 0.36%. Over the last month, the stock has plummeted by 38.78%, compared to a 6.91% increase in the Sensex. The longer-term performance is equally concerning, with G G Engineering down 72.22% over the past year and 83.04% over the last five years, while the Sensex has risen by 9.04% and 154.30%, respectively.

The stock has reached a new 52-week and all-time low of Rs. 0.6 today, underperforming its sector by 2.67%. Additionally, G G Engineering is trading below all key moving averages, indicating a persistent downward trend. The electric equipment sector itself has also seen a decline of 2.2%, contributing to the overall market sentiment affecting G G Engineering.