Minaxi Textiles Faces Intense Selling Pressure Amid Significant Price Declines

Jun 19 2025 12:15 PM IST
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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.
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