Southern Magnesium & Chemicals Faces Intense Selling Pressure Amid Consecutive Losses

May 02 2025 10:35 AM IST
share
Share Via
Southern Magnesium & Chemicals Ltd is experiencing notable selling pressure, marked by consecutive losses and a significant decline over the past three months. The stock is trading below key moving averages, reflecting a bearish trend, while contrasting sharply with the performance of the Sensex, which has shown gains.
Southern Magnesium & Chemicals Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, with a decline of 1.99% in today's trading, marking the second consecutive day of losses totaling 3.94%. This performance starkly contrasts with the Sensex, which has gained 0.84% today.

Over the past week, Southern Magnesium & Chemicals has seen a decline of 3.75%, while the Sensex has risen by 2.15%. The stock's performance over the last month shows a modest increase of 2.11%, but this is overshadowed by a substantial drop of 38.95% over the past three months. Year-to-date, the stock has plummeted by 44.44%, in stark contrast to the Sensex's 3.55% gain.

The stock is currently trading at 145, with no significant price range observed throughout the day. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. These factors collectively contribute to the ongoing selling pressure faced by Southern Magnesium & Chemicals Ltd.
{{stockdata.stock.stock_name.value}} Live

{{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}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
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