Nimbus Projects Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Market Sentiment Concerns

Apr 28 2025 10:30 AM IST
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Nimbus Projects Ltd is experiencing notable selling pressure, with the stock declining over the past two days. Despite a strong annual performance, recent trends show underperformance compared to the Sensex. The stock remains above longer-term moving averages but is below shorter-term ones, indicating a potential shift in momentum.
Nimbus Projects Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, resulting in a total decline of 6.88%. Today, the stock fell by 4.99%, contrasting sharply with the Sensex, which gained 1.01%.

Over the past week, Nimbus Projects has underperformed the Sensex, with a decline of 2.18% compared to the index's 0.76% increase. The one-month performance also reflects a downward trend, with the stock down 1.53% while the Sensex rose by 3.35%. Despite a strong performance over the longer term, including a remarkable 450.88% increase over the past year, the recent selling pressure raises questions about market sentiment.

The stock's price summary indicates it reached an intraday high of Rs 277 but fell to a low of Rs 251.2. While Nimbus Projects remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, suggesting a shift in momentum. The stock has underperformed its sector by 6.14% today, highlighting the prevailing bearish sentiment.
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