Neelkanth Ltd Faces Selling Pressure Amidst Profit-Taking and Market Volatility
Neelkanth Ltd is experiencing significant selling pressure after a 15-day streak of gains, with a decline today. Despite a strong weekly increase and impressive annual growth, the stock has faced challenges over the past three months. Current market sentiment reflects profit-taking and erratic trading patterns.
Neelkanth Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This marks a notable shift after a remarkable 15 consecutive days of gains. Today, Neelkanth Ltd's performance declined by 0.50%, underperforming the Sensex, which fell by 0.21%. Over the past week, Neelkanth has experienced a substantial increase of 12.03%, significantly outpacing the Sensex's 3.65% rise. However, the stock's performance over the last three months has been less favorable, with a slight decline of 0.17%, while the Sensex gained 8.45%.
In terms of longer-term performance, Neelkanth has shown impressive growth, with a 38.77% increase over the past year compared to the Sensex's 11.80%. Over three years, the stock has surged by 482.74%, far exceeding the Sensex's 55.47% growth.
Despite this strong historical performance, the current selling pressure may be attributed to profit-taking after a prolonged rally, as well as erratic trading patterns, with the stock not trading on one day out of the last 20. Neelkanth Ltd remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market 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
