McNally Bharat Engineering Faces Intense Selling Pressure Amid Significant Price Declines
McNally Bharat Engineering Company Ltd is experiencing notable selling pressure, marked by consecutive losses and a significant decline in stock price over various time frames. The stock is trading near its 52-week low and is underperforming its sector, contributing to the ongoing negative trend in its performance.
McNally Bharat Engineering Company Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, reflecting a troubling trend in its performance. Over the past day, McNally Bharat's stock price has declined by 6.07%, starkly contrasting with the Sensex, which fell by only 0.32%. In the past week, the stock has dropped 8.13%, while the Sensex has seen a modest decline of 0.58%. The one-month performance reveals a staggering 25.57% decrease for McNally Bharat, compared to a 1.78% drop in the Sensex. Over the past year, the stock has plummeted by 42.13%, while the Sensex has gained 3.62%.
The stock is currently trading close to its 52-week low, just 2.03% above Rs 2.9. Additionally, McNally Bharat is underperforming its sector by 5.89% and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These factors collectively contribute to the ongoing selling pressure observed in McNally Bharat Engineering Company Ltd.
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