Manomay Tex India Faces Persistent Selling Pressure Amid Significant Price Declines

Mar 11 2025 09:50 AM IST
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Manomay Tex India Ltd is experiencing notable selling pressure, continuing a streak of losses. The stock has declined significantly over various time frames, underperforming against the benchmark Sensex. Currently trading below key moving averages, the company faces challenges that merit careful monitoring amid broader market conditions.
Manomay Tex India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, highlighting a challenging period for the microcap textile company. Over the past month, Manomay Tex India has declined by 15.92%, while the benchmark Sensex has only fallen by 3.26%.

In the last week, the stock has experienced a 3.72% drop, contrasting with the Sensex's modest gain of 1.11%. Over a three-month period, the stock has lost 19.37%, compared to the Sensex's decline of 9.47%. Year-to-date, Manomay Tex India has seen a significant decrease of 28.51%, while the Sensex has decreased by 5.55%.

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 performance today has outperformed its sector by 1.97%, but the overall trajectory suggests persistent selling pressure. Factors contributing to this trend may include broader market conditions and company-specific challenges, which warrant close observation.
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