Garden Reach Shipbuilders Faces Sustained Underperformance Amid Broader Market Declines

Jan 27 2025 10:05 AM IST
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Garden Reach Shipbuilders & Engineers has seen a notable decline in its stock, dropping significantly today and underperforming compared to its sector. The company has faced a downward trend over the past month, trading below key moving averages, reflecting ongoing challenges in the shipbuilding industry.
Garden Reach Shipbuilders & Engineers has experienced a significant decline today, with shares dropping by 5.27% as of January 27, 2025. The stock opened lower, reflecting a gap down of 2.37%, and reached an intraday low of Rs 1458.8, marking a decrease of 5.08% at its lowest point.

In terms of performance metrics, Garden Reach Shipbuilders has underperformed its sector, which has seen a decline of 3.07%. Over the past day, the company's stock performance was down 4.35%, contrasting sharply with the Sensex, which fell by only 0.44%. Additionally, the stock has shown a downward trend over the past month, with a notable decline of 13.22%, compared to the Sensex's decrease of 3.61%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of underperformance. This trend highlights the challenges faced by Garden Reach Shipbuilders & Engineers within the shipbuilding industry.
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