Gravita India Faces Continued Stock Decline Amid Broader Market Stability

Jan 23 2025 01:05 PM IST
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Gravita India, a midcap non-ferrous metal company, faced significant challenges on January 23, 2025, with a notable decline in stock performance. The stock has underperformed its sector and the broader market over the past month, reflecting ongoing volatility and a series of consecutive drops.
Gravita India, a midcap player in the non-ferrous metal industry, has faced notable challenges today, experiencing a decline of 6.19% on January 23, 2025. The stock has underperformed its sector by 6.35% and has seen a consecutive drop over the past three days, totaling a 7.7% decrease during this period.

On this trading day, Gravita India reached an intraday high of Rs 2213.1, reflecting a modest increase of 2.05%, but also hit an intraday low of Rs 2025, marking a significant decrease of 6.62%. In terms of moving averages, the stock is currently above the 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the broader market, Gravita India's one-day performance was down 5.66%, while the Sensex recorded a slight gain of 0.32%. Over the past month, the stock has declined by 11.93%, contrasting with the Sensex's decrease of 2.41%.
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