Mohite Industries Faces Intense Selling Pressure Amid Significant Price Declines
Mohite Industries Ltd is experiencing significant selling pressure, with a notable decline in its stock price over recent days. The company has faced consecutive losses, underperforming the Sensex, and has seen a substantial drop over the past month and year-to-date. Factors contributing to this trend include consistent underperformance and challenges within the garment and apparel industry.
Mohite Industries Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a loss of 2.45% today, underperforming the Sensex, which has declined by only 0.18%. This marks a continuation of a troubling trend, as Mohite Industries has experienced consecutive days of losses, with a weekly decline of 4.78% compared to a slight gain of 0.18% for the Sensex.Over the past month, Mohite Industries has seen a substantial drop of 17.01%, while the Sensex has risen by 1.36%. The year-to-date performance is particularly concerning, with the stock down 61.40%, in stark contrast to the Sensex's gain of 6.94%. The stock is now just 0.42% away from its 52-week low of Rs 2.38, indicating a precarious position.
Several factors may be contributing to this selling pressure, including the stock's consistent underperformance relative to the broader market and its trading below key moving averages across various time frames. The garment and apparel industry may also be facing challenges that impact investor sentiment.
{{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
