Indergiri Finance Ltd Faces Intense Selling Pressure Amid Significant Price Declines
Indergiri Finance Ltd is experiencing notable selling pressure, with a three-day decline resulting in a significant loss. The stock has underperformed its sector and benchmark index, showing erratic trading behavior. Over the past year, it has dropped substantially, trading below multiple moving averages, indicating a persistent downward trend.
Indergiri Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past three days, resulting in a total loss of 14.18% during this period. In stark contrast, the benchmark Sensex has shown a modest decline of just 1.26% over the same timeframe.On a daily basis, Indergiri Finance Ltd has underperformed the sector by 5.59%, opening with a loss of 4.99% and reaching an intraday low of Rs 20.58. The stock has not traded on two occasions in the last 20 days, indicating erratic trading behavior. Over the past month, the stock has seen a slight decline of 0.48%, while its performance over the last year reveals a staggering drop of 58.82%, compared to a 2.47% gain in the Sensex.
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend. These factors collectively contribute to the ongoing selling pressure faced by Indergiri Finance Ltd.
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