Garnet Construction Faces Intense Selling Pressure Amid Significant Price Declines

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 three days, with a total decline of 5.66%. Today, Garnet Construction's stock price fell by 4.98%, contrasting sharply with the Sensex, which gained 0.25%.
Over the past week, the stock has dropped 9.10%, while the Sensex saw a slight decrease of 0.14%. The one-month performance reflects a decline of 10.97% for Garnet Construction, compared to a 2.61% drop in the Sensex. More notably, the stock has plummeted 34.90% over the last three months, while the Sensex has only decreased by 8.27%.

Year-to-date, Garnet Construction has seen a staggering decline of 36.03%, significantly underperforming the Sensex, which is down 5.28%. Despite a positive performance of 10.31% over the past year, the stock's longer-term trends reveal a concerning picture, with three-year performance at -10.13% compared to the Sensex's impressive 27.91%. The stock is currently trading below all key moving averages, indicating a challenging market position for Garnet Construction.