Om Infra Faces Continued Decline Amid Broader Engineering Sector Challenges

Om Infra, a small-cap player in the engineering sector, has faced notable challenges today, experiencing a decline of 7.21% on January 13, 2025. This marks a continuation of a downward trend, with the stock underperforming its sector by 3.71% and a total drop of 15.32% over the last four days. The stock opened the day with a gap down, starting at a loss of 5.77%, and reached an intraday low of Rs 137.8, reflecting an 8.04% decrease. The trading session exhibited significant volatility, with an intraday fluctuation of 5.47% based on the weighted average price. From a technical perspective, Om Infra is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The broader engineering sector has also encountered difficulties, declining by 3.5%. Over the past month, Om Infra's performance has been particularly weak, with a drop of 17.43%, contrasting with a 7.07% decline in the Sensex.