Garnet Construction Faces Intense Selling Pressure Amid Consecutive Losses and Underperformance

Mar 13 2025 03:25 PM IST
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Garnet Construction Ltd is experiencing notable selling pressure, with the stock declining over consecutive days. It has underperformed compared to the Sensex across various time frames, including significant drops over the past month and three months. The stock is currently trading below multiple moving averages, indicating a bearish trend.
Garnet Construction Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a total decline of 6.53%. Today, the stock opened with a gap down of 3.18% and reached an intraday low of Rs 24.76, reflecting a decrease of 5.06%.

In terms of performance relative to the Sensex, Garnet Construction has underperformed across various time frames. Over the past week, the stock fell by 1.71%, compared to the Sensex's decline of 0.64%. The one-month performance shows a stark contrast, with Garnet Construction down 16.01% against the Sensex's 2.98% drop. Over the last three months, the stock has plummeted by 32.16%, while the Sensex has only decreased by 10.06%.

Several factors may be contributing to this selling pressure, including broader market trends and potential concerns specific to the construction and real estate sector. Currently, Garnet Construction is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
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