Sugal & Damani Faces Selling Pressure Amid Notable Price Decline and Market Shift
Sugal & Damani Share Brokers Ltd is experiencing significant selling pressure, marking a trend reversal after five days of gains. Despite a strong performance over the past year and five years, recent declines suggest a shift in investor confidence, influenced by profit-taking and broader market dynamics.
Sugal & Damani Share Brokers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 5.00%, sharply contrasting with the Sensex's modest drop of 0.43%. This marks a trend reversal after five consecutive days of gains, indicating a shift in market sentiment.Over the past week, Sugal & Damani has performed well, gaining 14.36%, but the recent downturn highlights a potential shift in investor confidence. The stock opened with a loss of 2.49% and reached an intraday low of Rs 72.01, reflecting the current selling trend.
In terms of longer-term performance, Sugal & Damani has shown impressive growth, with a 173.28% increase over the past year and a staggering 1172.26% rise over the last five years. However, year-to-date performance reveals a decline of 10.28%, contrasting sharply with the Sensex's gain of 3.64%.
The stock's current struggles may be attributed to profit-taking after a strong rally, as well as broader market dynamics affecting investor sentiment. Despite today's challenges, Sugal & Damani continues to trade above its key moving averages, indicating a complex market position.
{{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
