Konark Synthetic Ltd Faces Intense Selling Pressure Amid Consecutive Losses
Konark Synthetic Ltd is experiencing notable selling pressure, with the stock declining significantly today after a two-day losing streak. Despite mixed performance against the Sensex over various periods, the stock has shown volatility, trading above key moving averages while facing challenges in the current market environment.
Konark Synthetic Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced consecutive losses, falling 4.97% in today's trading session. This decline comes after a two-day losing streak, during which the stock has dropped a total of 4.31%. In terms of performance relative to the Sensex, Konark Synthetic has shown mixed results over various time frames. While it has outperformed the Sensex over the past week, month, and year, it has underperformed in the year-to-date comparison, with a decline of 2.59% against the Sensex's gain of 3.89%.
Today's trading saw the stock open with a gain of 2.83%, reaching an intraday high of Rs 37, but quickly reversed course, hitting a low of Rs 34.45. The stock's performance today underperformed its sector by 4.68%. Notably, Konark Synthetic has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex trading environment. The erratic trading pattern, with one day of inactivity in the last 20 days, may also contribute to the current selling pressure.
{{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
