Shree Ganesh Elastoplast Faces Intense Selling Pressure Amid Consecutive Losses

Jun 02 2025 01:50 PM IST
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Shree Ganesh Elastoplast Ltd is experiencing notable selling pressure, marked by consecutive losses and a significant decline in stock value. Over the past week and month, the company's performance has lagged behind the Sensex, with trading activity showing volatility and the stock consistently underperforming against broader market trends.
Shree Ganesh Elastoplast Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.86% in just one day, compared to a minimal drop of 0.14% in the Sensex. Over the past week, Shree Ganesh Elastoplast has lost 3.71%, while the Sensex fell by 1.02%.

In the broader context, the stock's performance over the past month shows a slight decline of 1.15%, contrasting sharply with the Sensex's gain of 1.04%. Year-to-date, Shree Ganesh Elastoplast has underperformed significantly, down 17.37% against the Sensex's increase of 4.10%.

The stock's trading activity has been erratic, with it not trading on one day out of the last 20. Today, it opened with a gap down of 4.9%, reaching an intraday low of Rs 22.3. Additionally, Shree Ganesh Elastoplast is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively contribute to the ongoing selling pressure observed in the stock.
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