Olectra Greentech Faces Sustained Downward Trend Amid Broader Market Challenges

Jan 15 2025 03:15 PM IST
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Olectra Greentech experienced a significant decline on January 15, 2025, underperforming its sector. The stock traded below multiple moving averages and has dropped 14.19% over the past month, contrasting with the Sensex's smaller decline, indicating ongoing challenges for the company in the market.
Olectra Greentech, a midcap player in the auto-trucks industry, faced a notable decline of 5.1% on January 15, 2025, underperforming its sector by 2.75%. The stock reached an intraday low of Rs 1362.7, reflecting a decrease of 5.02% during the trading session.

Currently, Olectra Greentech is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past month, the stock has dropped by 14.19%, contrasting sharply with the Sensex, which has declined by 6.59% but managed a modest gain of 0.29% on the same day. These performance indicators highlight the challenges Olectra Greentech is facing in the current market environment.
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