Mohit Industries Faces Selling Pressure with 5.02% Daily Decline Amidst Cumulative Losses
Mohit Industries Ltd is experiencing notable selling pressure, marked by consecutive losses and a significant decline over the past week. Despite strong long-term performance, recent trends show the stock underperforming its sector and falling below several key moving averages, reflecting a potential shift in market sentiment.
Mohit Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 5.02% in just one day, compared to a modest drop of 0.29% in the Sensex. Over the past week, Mohit Industries has seen a total decline of 10.72%, while the Sensex fell by only 1.00%. In the month leading up to this point, the stock has decreased by 7.08%, contrasting sharply with the Sensex's slight gain of 0.69%. Despite a strong performance over the past three years, where the stock rose by 73.32% compared to the Sensex's 40.90%, recent trends indicate a shift in market sentiment.
The price summary reveals that Mohit Industries has underperformed its sector by 4.73% today. While the stock remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages, indicating a potential shift in momentum. Factors contributing to this selling pressure may include broader market trends and sector-specific challenges within the garments and apparel industry.
{{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
