Nouveau Global Ventures Faces Significant Selling Pressure, Hits New 52-Week Low of Rs.0.49

Nouveau Global Ventures Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive losses, as the stock has not recorded any gains over the past eight weeks, resulting in a 0% return during this period. The stock has also experienced a decline every month for the last six weeks, further emphasizing the persistent downward trajectory.
In terms of performance relative to the Sensex, Nouveau Global Ventures has underperformed significantly. Over the past year, the stock has dropped by 12.50%, while the Sensex has gained 8.46%. Year-to-date, the stock is down 22.22%, contrasting sharply with the Sensex's 7.69% increase. Over three years, Nouveau Global Ventures has plummeted by 62.88%, compared to the Sensex's 36.55% rise, and its five-year performance shows a decline of 61.42% against the Sensex's impressive 92.83% growth.

Today, the stock hit a new 52-week low of Rs. 0.49 and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These factors collectively contribute to the ongoing selling pressure observed in Nouveau Global Ventures Ltd.