Kitex Garments Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

Aug 01 2025 02:45 PM IST
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Kitex Garments Ltd is experiencing significant selling pressure, with the stock declining over consecutive days. It has underperformed compared to the Sensex, with notable drops over the past week and month. The stock is trading below multiple moving averages, reflecting a bearish trend in the textile sector.
Kitex Garments Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a notable decline of 11.23% during this period. Today, Kitex Garments opened with a gap down of 3.05% and reached an intraday low of Rs 216.15, reflecting a decrease of 4.99%.

In comparison to the broader market, Kitex Garments has underperformed relative to the Sensex, which has only declined by 0.52% today. Over the past week, the stock has plummeted by 17.45%, while the Sensex fell by just 0.86%. The one-month performance shows a staggering drop of 23.04% for Kitex Garments, compared to a 3.51% decline in the Sensex.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The textile sector itself has also seen a decline of 2.1%, which may be contributing to the selling pressure on Kitex Garments.
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