G M Breweries Faces Continued Decline Amid Broader Market Challenges

Jan 13 2025 10:05 AM IST
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G M Breweries has experienced a challenging trading session, marking its sixth consecutive day of losses and a total decline of 14.61%. The stock is currently underperforming its sector and trading below key moving averages, reflecting a bearish market sentiment amid broader declines in the Sensex.
G M Breweries has faced a notably difficult trading session today, opening with a significant loss of 10.71%. This decline marks the sixth consecutive day of losses for the stock, which has now fallen a total of 14.61% during this period.

In today's performance, G M Breweries underperformed its sector by 1.76%, reaching an intraday low of Rs 667. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a prevailing bearish sentiment in the market.

On a broader scale, G M Breweries recorded a 1-day decline of 2.47%, while the Sensex experienced a smaller decrease of 0.69%. Over the past month, the stock has declined by 11.15%, in contrast to the Sensex's drop of 6.44%. These trends indicate a challenging environment for G M Breweries as it continues to navigate recent losses.
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