Mangalam Industrial Finance Faces Intense Selling Pressure Amidst Consecutive Losses
Mangalam Industrial Finance Ltd is experiencing notable selling pressure, with the stock facing consecutive losses over the past 12 days, resulting in a significant decline. The company's performance has lagged behind the Sensex, with substantial drops in various time frames, indicating a challenging market position for the firm.
Mangalam Industrial Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a troubling trend, with consecutive losses over the past 12 days, resulting in a total decline of 21.29% during this period. In terms of performance, Mangalam Industrial Finance has underperformed relative to the Sensex across various time frames. Today, the stock fell by 1.85%, while the Sensex gained 0.19%. Over the past week, the stock has dropped 8.62%, compared to a slight decline of 0.52% for the Sensex. The one-month performance shows a decrease of 5.36% for Mangalam Industrial Finance, while the Sensex rose by 0.49%.
The stock's year-to-date performance is particularly concerning, with a decline of 56.91% against the Sensex's modest gain of 3.52%. Additionally, the stock is trading significantly below its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Currently, it is just 3.77% away from its 52-week low of Rs 1.53, indicating a challenging market position for this microcap non-banking financial company.
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