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

May 02 2025 10:40 AM IST
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Veritas (India) Ltd is experiencing significant selling pressure, with the stock declining over consecutive days and underperforming the benchmark Sensex. It has seen substantial losses over various time frames, trading near its 52-week low and below key moving averages, indicating ongoing challenges in the market.
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 seven days, resulting in a decline of 8.85% during this period. In today's trading session, Veritas (India) Ltd fell by 1.99%, while the benchmark Sensex gained 0.82%, highlighting a stark contrast in performance.

Over the past week, the stock has dropped 5.56%, significantly underperforming the Sensex, which rose by 2.13%. The one-month performance also reflects a decline of 2.51% for Veritas, compared to a 5.59% increase in the Sensex. More alarmingly, the stock has plummeted 41.27% over the last three months, while the Sensex has managed a modest gain of 4.38%. Year-to-date, Veritas (India) Ltd has seen a staggering decline of 55.91%, contrasting sharply with the Sensex's 3.53% increase.

Currently, the stock is trading close to its 52-week low, just 3.49% away from Rs 369.25. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The combination of these factors suggests a challenging environment for Veritas (India) Ltd in the trading sector.
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