Mega Nirman & Industries Faces Selling Pressure Amid Notable Stock Price Decline
Mega Nirman & Industries Ltd is experiencing significant selling pressure, with its stock declining after five consecutive days of gains. Despite a strong performance over the past month and year, today's losses highlight a shift in market sentiment, potentially driven by profit-taking and broader market dynamics.
Mega Nirman & Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline of 5.37% in its stock price, contrasting sharply with the Sensex, which has gained 0.21%. This downturn marks a trend reversal after five consecutive days of gains, indicating a shift in market sentiment.Over the past week, Mega Nirman & Industries has performed well, with a 10.58% increase, but this has not shielded it from today's losses. In the broader context, the stock has shown strong performance over the past month and year, with increases of 10.53% and 43.34%, respectively. However, its three-year performance of 25.73% lags behind the Sensex's impressive 46.87% gain.
Today's trading saw the stock open with a loss of 4.87%, reaching an intraday low of Rs 24.88. The stock has traded within a narrow range of just Rs 0.12, and despite today's decline, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The current selling pressure may be attributed to profit-taking after recent gains, alongside broader market dynamics affecting investor sentiment.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
