Manjeera Constructions Faces Intense Selling Pressure Amid Consecutive Losses

Apr 16 2025 10:10 AM IST
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Manjeera Constructions Ltd is experiencing notable selling pressure, with the stock declining significantly over various time frames. It has consistently underperformed compared to the Sensex and its sector. The stock is trading below multiple moving averages, indicating a bearish trend and a lack of upward momentum.
Manjeera Constructions Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive losses, falling by 4.98% in just one day, and a total decline of 9.73% over the past week. This trend is starkly contrasted with the Sensex, which has gained 0.11% today and 4.02% over the past week.

Over the past month, Manjeera Constructions has seen a decline of 14.44%, while the Sensex has risen by 4.05%. The stock's performance has been consistently poor, with a year-to-date drop of 18.32% compared to the Sensex's decline of only 1.69%. Notably, the stock has underperformed its sector by 5.35% today.

The stock opened with a gap down at Rs 35.08 and reached an intraday low of the same price, indicating a lack of upward momentum. Additionally, Manjeera Constructions has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish trend. The erratic trading pattern, with the stock not trading on four days out of the last 20, may also contribute to the current selling pressure.
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