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

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%.