Minaxi Textiles Faces Intense Selling Pressure Amid Significant Price Declines
Minaxi Textiles Ltd is experiencing substantial selling pressure, with a notable decline in stock performance over various timeframes. The company has faced consecutive losses, trading below key moving averages, and underperforming its sector, reflecting broader market challenges and specific issues within the garment and apparel industry.
Minaxi Textiles Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced a notable decline, with a performance drop of 4.52% in just one day, starkly contrasting with the Sensex's minimal decline of 0.05%. Over the past week, Minaxi Textiles has lost 6.86%, while the Sensex has only dipped by 0.35%. This trend of consecutive losses extends to three days, during which the stock has fallen by 8.21%. The year-to-date performance reflects a decline of 15.56%, compared to the Sensex's gain of 4.18%. Over the past year, Minaxi Textiles has seen a significant drop of 28.03%, while the Sensex has increased by 5.26%.
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Contributing factors to this selling pressure may include broader market conditions and sector-specific challenges, as the stock has underperformed its sector by 3.57% today.
{{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
