Sasken Technologies Faces Continued Decline Amid Broader Market Resilience

Sasken Technologies, a small-cap player in the IT software industry, experienced a significant decline of 7.19% on March 10, 2025. This drop marks the third consecutive day of losses for the stock, which has seen a total decline of 5.28% over this period. The stock reached an intraday low of Rs 1,525.20, reflecting a decrease of 5.04% at its lowest point.
In terms of performance metrics, Sasken Technologies has underperformed compared to the broader market, lagging behind the Sensex by 4.26% today. Over the past week, the stock has declined by 2.01%, while the Sensex has gained 1.34%. A longer-term view reveals that Sasken's performance has been challenging, with a 17.96% drop over the past month and a staggering 29.68% decline year-to-date.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In contrast, the Sensex has shown resilience, trading at 74,065.19, down only 0.36% after a sharp reversal from an initial positive opening.