Garden Reach Shipbuilders Faces Extended Stock Decline Amid Market Challenges

Feb 18 2025 11:57 AM IST
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Garden Reach Shipbuilders & Engineers has faced a notable decline in stock performance, marking six consecutive days of losses and a significant drop over the past month. The company is currently trading below multiple moving averages, indicating a bearish trend, and has underperformed compared to its sector and the broader market.
Garden Reach Shipbuilders & Engineers, a midcap player in the shipbuilding industry, has experienced a significant decline in its stock performance today, losing 5.3% as of February 18, 2025. This downturn marks the sixth consecutive day of losses for the company, with a total decline of 17.78% over this period.

In terms of market performance, Garden Reach has underperformed its sector by 2.95% today. The stock reached an intraday low of Rs 1222.2, reflecting a drop of 5.68%. Additionally, the company is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its price action.

Over the past month, Garden Reach Shipbuilders & Engineers has seen a notable decline of 18.55%, contrasting sharply with the Sensex, which has only dipped by 1.17%. These performance indicators highlight the challenges the company is facing in the current market environment.
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