Goldiam International Faces Continued Stock Struggles Amid Sector Underperformance

Goldiam International, a midcap player in the diamond and gold jewellery sector, saw a decline of 6.04% on January 21, 2025. This drop marks a continuation of its recent struggles, with the stock underperforming its sector by 4.77% and experiencing consecutive losses over the past two days, totaling a decline of 5.3%. The stock reached an intraday low of Rs 495.55, reflecting a decrease of 5.39%.
Despite these challenges, Goldiam International remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below the 5-day moving average. Over the past month, the stock has demonstrated a notable performance increase of 20.64%, contrasting sharply with the Sensex, which has declined by 2.86%. On the same day, while the Sensex recorded a performance of -1.64%, Goldiam's one-day performance was noted at -5.27%.