MIRC Electronics Faces Intense Selling Pressure Amid Significant Price Declines

May 02 2025 01:05 PM IST
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MIRC Electronics Ltd is experiencing notable selling pressure, with a seven-day decline resulting in a 12.99% loss. The stock has underperformed the Sensex significantly over various timeframes, including a year-to-date drop of 41.38%. Despite a recent monthly gain, longer-term trends indicate a bearish outlook.
MIRC Electronics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past seven days, resulting in a total loss of 12.99% during this period. Today's performance reflects a decrease of 1.95%, contrasting sharply with the Sensex, which has gained 0.12%.

Over the past week, MIRC Electronics has underperformed the Sensex by 7.62%, and its year-to-date performance shows a decline of 41.38%, while the Sensex has risen by 2.81%. The stock's performance over the last three months is particularly concerning, with a drop of 31.90%, compared to a modest gain of 3.65% for the Sensex.

Despite a positive performance of 15.04% over the past month, the longer-term trends reveal a troubling picture, with a 47.66% decline over the past year and a 20.73% drop over three years. The stock is currently trading above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The ongoing selling pressure may be attributed to various market dynamics affecting the consumer durables sector.
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