Kitex Garments Faces Intense Selling Pressure Amidst Broader Market Decline
Kitex Garments Ltd is experiencing notable selling pressure, with a decline over the past two days and a significant drop in the last week. Despite a strong monthly performance, recent trends suggest a shift in market sentiment, compounded by a downturn in the textile sector.
Kitex Garments Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a decline of 4.99%, starkly contrasting with the Sensex, which has only dipped by 0.15%. This marks the second consecutive day of losses for Kitex Garments, accumulating a total decline of 5.49% over this period.In the past week, the stock has underperformed with a 9.78% drop, while the Sensex has gained 0.48%. Despite a strong performance over the past month, where Kitex Garments rose by 15.34% compared to the Sensex's 7.04%, the recent trend indicates a shift in market sentiment. The textile sector itself has also seen a decline of 2.27%, contributing to the selling pressure on Kitex Garments.
The stock's intraday low today was Rs 229.65, and while it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average. This performance highlights the challenges facing Kitex Garments amidst a broader market context.
{{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
