H.G. Infra Engineering Faces Continued Decline Amid Broader Market Weakness

Jan 13 2025 02:55 PM IST
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H.G. Infra Engineering has faced notable challenges, experiencing a decline of 5.97% on January 13, 2025, continuing a bearish trend. The stock has underperformed its sector and is trading below key moving averages, reflecting persistent weakness in its price performance amid broader market declines.
H.G. Infra Engineering, a midcap player in the engineering sector, has experienced significant downward momentum, with a decline of 5.97% on January 13, 2025. This marks a continuation of a bearish trend, as the stock has underperformed its sector by 2.28% and has seen a total drop of 10.88% over the last four days.

On this day, H.G. Infra Engineering reached an intraday low of Rs 1300, reflecting a decrease of 6.47%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating persistent weakness in its price performance.

In the context of the broader market, H.G. Infra Engineering's one-day performance of -5.38% stands in stark contrast to the Sensex's decline of 1.31%. Over the past month, the stock has fallen by 10.30%, while the Sensex has decreased by 7.02%. The engineering sector as a whole has also faced challenges, with a decline of 3.73%.
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