The stock opened sharply lower with a gap down of 4.44% and touched an intraday low of Rs 85.5, marking a narrow trading range of just Rs 0.5. This constrained price movement amid heavy selling indicates a market imbalance where sellers dominate and buyers remain absent. Supreme Infrastructure India has been on a downward trajectory for two consecutive days, accumulating a loss of 9.7% over this period.
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Examining the broader performance, Supreme Infrastructure India’s returns over various time frames reveal persistent weakness. The stock has declined by 7.07% over the past week while the Sensex gained 0.86%. Over one month, the stock fell 18.69% compared to the Sensex’s 0.76% rise. The three-month and one-year performances show losses of 31.49% and 32.30% respectively, contrasting with Sensex gains of 4.08% and 9.38% over the same periods. Year-to-date, the stock has dropped 37.77% while the Sensex advanced 8.26%.
Technical indicators reinforce the bearish sentiment. Supreme Infrastructure India is trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring sustained downward momentum. The market cap grade stands at 4, reflecting its relative size within the sector, but the Mojo Score of 1.0 and a recent adjustment in its evaluation to a strong sell grade on 8 January 2025 highlight the severity of the current selling pressure.
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Despite the stock’s strong long-term performance over three and five years, with returns of 273.36% and 800.00% respectively, the recent trend signals distress selling. The 10-year performance remains negative at -27.91%, lagging behind the Sensex’s 231.96% gain. This divergence suggests that while Supreme Infrastructure India has delivered substantial gains in the past, current market dynamics are unfavourable.
Investors should note the extreme selling pressure evident in today’s trading session, where the absence of buyers has pushed the stock into a lower circuit scenario. The consecutive losses and underperformance relative to the broader market and sector indices highlight the challenges facing this construction sector micro-cap. Market participants may wish to monitor the stock closely for any signs of reversal or further distress signals.
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