LGB Forge Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Mar 19 2025 11:25 AM IST
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LGB Forge Ltd is experiencing notable selling pressure, with a six-day decline resulting in a 10.15% loss. The stock is underperforming compared to the Sensex, trading below key moving averages and reflecting a bearish trend, while the broader castings/forgings sector shows positive gains.
LGB Forge Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past six days, resulting in a total loss of 10.15% during this period. Today, LGB Forge's performance dipped by 1.98%, contrasting sharply with the Sensex, which gained 0.17%.

Over the past week, LGB Forge has seen a decline of 7.64%, while the Sensex rose by 1.89%. In the last month, the stock has decreased by 3.32%, compared to a slight drop of 0.67% in the Sensex. The three-month performance is particularly concerning, with LGB Forge down 50.15%, while the Sensex has only fallen by 4.78%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the castings/forgings sector has gained 2.35%, further highlighting LGB Forge's underperformance. These factors collectively contribute to the ongoing selling pressure faced by the stock.
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