Veritas (India) Ltd Faces Intensified Selling Pressure Amid Significant Price Declines

Jun 19 2025 03:20 PM IST
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Veritas (India) Ltd is experiencing notable selling pressure, marking its third consecutive day of losses. The stock has significantly underperformed the Sensex over various time frames, including a year-to-date decline of 58.39%. Today, it reached a new 52-week low, reflecting ongoing market challenges.
Veritas (India) Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a decline of 2.00%, underperforming the Sensex, which fell by just 0.09%. This marks the third consecutive day of losses for Veritas, with a total drop of 2.96% over this period.

In terms of broader performance, Veritas has struggled significantly over the past month, down 11.43%, compared to the Sensex's decline of only 0.84%. The year-to-date performance is particularly concerning, with the stock down 58.39%, while the Sensex has gained 4.13%. Over the past year, Veritas has plummeted by 70.05%, contrasting sharply with the Sensex's positive return of 5.21%.

The stock has also hit a new 52-week low of Rs.360.8 today, indicating ongoing challenges. Veritas is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its current struggles in the market. The persistent selling pressure may be attributed to various factors, including market sentiment and company-specific issues, but the exact reasons remain to be fully analyzed.
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