Radix Industries Faces Selling Pressure with 2.66% Decline, Marking Third Day of Losses
Radix Industries (India) Ltd is experiencing notable selling pressure, with the stock declining over the past three days. Despite recent losses, it has shown positive performance over the past year and three months, although it has underperformed year-to-date compared to the broader market.
Radix Industries (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 7.71%. Today, Radix Industries fell by 2.66%, underperforming the broader market, as the Sensex recorded a modest decline of 0.29%.In terms of performance metrics, Radix Industries has shown mixed results over various time frames. While it has gained 8.03% over the past three months and 8.12% over the past year, it has struggled year-to-date with a decline of 3.32%, contrasting sharply with the Sensex's gain of 4.28% in the same period. The stock's performance over five years remains strong at 224.28%, significantly outpacing the Sensex's 117.93% increase.
Today, the stock reached an intraday low of Rs 185, and while it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average. The ongoing selling pressure may be influenced by broader market trends and investor sentiment within the FMCG sector.
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