Sangam (India) Faces Continued Stock Decline Amid Broader Market Gains

Sangam (India), a small-cap player in the Garments & Apparels industry, has experienced a significant decline today, with its stock price dropping by 7.57%. This downturn marks the fourth consecutive day of losses, accumulating a total decline of 13.07% over this period. The stock reached an intraday low of Rs 385, underperforming its sector by 7.86%. In terms of moving averages, Sangam (India) is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 9.65%, while its performance over the last month shows a decline of 15.20%. Year-to-date, Sangam (India) has recorded a loss of 7.00%, contrasting with the Sensex, which has gained 3.48% during the same period. Despite the challenges faced in the short term, Sangam (India) has shown resilience over a longer horizon, with a remarkable 685.71% increase over the past five years, outperforming the Sensex's 114.54% gain in that timeframe.