Sugal & Damani Faces Intense Selling Pressure Amid Significant Price Declines

Mar 21 2025 01:20 PM IST
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Sugal & Damani Share Brokers Ltd is experiencing notable selling pressure, with the stock declining significantly over various time frames. It has underperformed its sector and is trading below key moving averages. The ongoing trend reflects broader market sentiment and economic conditions impacting the finance/NBFC sector.
Sugal & Damani Share Brokers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling 5.00% in just one day, and has declined by 15.4% over the last two days. This trend is starkly contrasted with the Sensex, which has gained 0.71% today.

Over the past week, Sugal & Damani has lost 8.17%, while the Sensex has risen by 4.15%. The monthly performance is even more concerning, with the stock down 27.14% compared to a modest 2.10% increase in the Sensex. The three-month performance shows a significant decline of 44.20%, while the Sensex has only dipped by 1.47%.

The stock's price summary indicates it has underperformed its sector by 6.33% today, and it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The intraday low reached Rs 48.45, reflecting the ongoing selling trend. Factors contributing to this pressure may include market sentiment and broader economic conditions affecting the finance/NBFC sector.
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