Veritas (India) Ltd Faces Intense Selling Pressure Amid Consecutive Losses

May 05 2025 09:40 AM IST
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Veritas (India) Ltd is experiencing notable selling pressure, with the stock declining for eight consecutive days and showing a significant drop over various timeframes. Currently, it trades close to its 52-week low and is underperforming its sector, reflecting a persistent downward trend in its performance.
Veritas (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past eight days, resulting in a total decline of 10.66% during this period. In terms of daily performance, Veritas (India) Ltd has dropped by 1.99%, contrasting sharply with the Sensex, which has gained 0.35%.

Over the past week, the stock has declined by 6.62%, while the Sensex has risen by 0.71%. The one-month performance reveals an even steeper drop of 8.36% for Veritas (India) Ltd, compared to a 7.19% increase in the Sensex. The longer-term view is equally concerning, with the stock down 40.92% over the last three months and a staggering 74.45% over the past year, while the Sensex has shown a positive return of 9.35% in the same timeframe.

Currently, Veritas (India) Ltd is trading just 1.53% above its 52-week low of Rs 369.25 and is underperforming its sector by 2.74%. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.
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