True Green Bio Energy Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Apr 30 2025 03:05 PM IST
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True Green Bio Energy Ltd is experiencing significant selling pressure, with the stock declining for four consecutive days and showing a notable drop over the past week and three months. Currently trading below key moving averages, the stock's year-to-date performance contrasts sharply with the broader market's gains.
True Green Bio Energy Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past four days, resulting in a total decline of 14.28%. Today, the stock fell by 4.99%, underperforming the Sensex, which gained 0.24%.

In the past week, True Green Bio Energy has seen a notable drop of 13.62%, while the Sensex has increased by 0.45%. Over the last three months, the stock has plummeted by 26.22%, contrasting sharply with the Sensex's rise of 4.85%. Despite a strong performance over the past year, where the stock surged by 206.71%, its year-to-date performance is down by 23.91%, compared to the Sensex's 3.00% gain.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The intraday low reached Rs 84, reflecting a decline of 4.65%. The ongoing selling pressure may be attributed to various market dynamics, including investor sentiment and broader economic factors affecting the textile industry.
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