Indokem Ltd Faces Selling Pressure Amidst Recent Price Declines and Profit-Taking
Indokem Ltd is experiencing notable selling pressure, marking a shift after a period of gains. The stock has faced consecutive losses recently, despite impressive performance over various time frames, including significant increases over the past week, month, and year-to-date. It reached a new all-time high today.
Indokem Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a notable shift after a remarkable streak of gains, as the stock has experienced consecutive days of losses. Today, Indokem's performance declined by 1.99%, contrasting with the Sensex, which saw a slight increase of 0.17%.Despite this recent downturn, Indokem has demonstrated impressive performance over various time frames. Over the past week, the stock rose by 6.07%, and it has surged by 61.03% over the past month. Year-to-date, Indokem has achieved a staggering 457.90% increase, significantly outperforming the Sensex's 6.01% gain.
The stock reached a new 52-week and all-time high of Rs. 573.05 today, although it has recently traded within a narrow range of Rs. 2.05. Indokem has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend prior to the current selling pressure. Factors contributing to this selling activity may include profit-taking after a prolonged rally and market corrections.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
