Soma Textiles Faces Intense Selling Pressure Amid Recent Performance Declines
Soma Textiles & Industries Ltd is experiencing notable selling pressure, with consecutive losses over the past two days. Despite a strong long-term performance, recent declines may reflect market corrections or sector challenges. The stock remains above key moving averages but is below shorter-term averages, suggesting a potential shift in momentum.
Soma Textiles & Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, declining by 3.94% during this period. Today, Soma Textiles reported a performance drop of 1.99%, underperforming the Sensex, which fell by 0.52%. Over the past week, the stock has seen a slight decrease of 0.07%, while the Sensex has dropped by 2.00%. However, the longer-term performance remains noteworthy, with a remarkable 146.62% increase over the past year, compared to the Sensex's decline of 1.74%.
Despite its strong performance in the past three years, where it surged by 1106.05%, the recent selling pressure may be attributed to market corrections or sector-specific challenges within the garments and apparel industry. The stock opened at 85.75 and has traded at this price without a significant range today. Additionally, while it remains above the 50-day, 100-day, and 200-day moving averages, it is currently below the 5-day and 20-day moving averages, indicating a potential shift in momentum.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
