Mipco Seamless Rings Faces Intense Selling Pressure Amidst Consecutive Losses

Aug 18 2025 10:50 AM IST
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Mipco Seamless Rings (Gujarat) Ltd is experiencing significant selling pressure, continuing a trend of consecutive losses without any gains in the past week. The stock is trading below all key moving averages and is close to its 52-week low, reflecting poor short-term performance compared to the benchmark Sensex.
Mipco Seamless Rings (Gujarat) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, as the stock has not registered any gains in the past week. In stark contrast, the benchmark Sensex has performed positively, gaining 1.25% today and 1.24% over the past week.

Over the past month, Mipco has declined by 2.18%, while the Sensex has only slightly decreased by 0.19%. The stock's performance has been notably poor in the short term, with it trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, Mipco's performance today underperformed its sector by 3.42%, as the Auto Ancillary sector has seen gains.

Currently, Mipco is trading close to its 52-week low, just 2.72% away from Rs 23.6. The stock has exhibited erratic trading patterns, having not traded on four days out of the last 20. This combination of factors contributes to the ongoing selling pressure observed in Mipco Seamless Rings (Gujarat) Ltd.
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