G G Engineering Ltd Faces Intense Selling Pressure Amid Continued Price Declines

G G Engineering Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the heavy electrical equipment sector, has experienced a notable decline, marking its eighth consecutive day of losses. Over this period, the stock has fallen by 13.51%, reflecting a broader trend of negative performance. In terms of daily performance, G G Engineering Ltd is down 1.54%, significantly underperforming the Sensex, which has only dipped by 0.18%. This trend continues over the past week, with the stock down 7.25% compared to the Sensex's modest decline of 0.23%. The one-month performance reveals a stark contrast, with G G Engineering down 14.67% while the Sensex has gained 1.48%. Longer-term metrics are equally concerning, as G G Engineering has seen a staggering 68.16% decline over the past year, while the Sensex has risen by 8.30%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The combination of these factors suggests a challenging environment for G G Engineering Ltd, contributing to the ongoing selling pressure.