Gravity (India) Faces Intense Selling Pressure Amid Significant Price Declines

Gravity (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced consecutive losses, falling 4.71% in just one day, while the benchmark Sensex has gained 0.38% during the same period. Over the past week, Gravity (India) has declined by 6.83%, compared to a smaller drop of 1.37% in the Sensex.
In the last month, the stock has plummeted 14.31%, while the Sensex has risen by 1.79%. Despite a strong performance over the past three months, where Gravity (India) gained 22.80%, the recent trend indicates a troubling shift. Year-to-date, the stock remains flat at 0.00%, contrasting sharply with the Sensex's 5.67% increase.

The stock's performance today underperformed its sector by 3.4%, and it has now lost ground for two consecutive days, with a total decline of 3.23% in that timeframe. While Gravity (India) remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, indicating a potential shift in market sentiment.