Why is Shri Gang Indus falling/rising?

Jun 06 2025 02:51 PM IST
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As of 05-Jun, Shri Gang Industries & Allied Products Ltd's stock price is Rs 91.00, down 2.78%, and has underperformed its sector. The stock is trading below all key moving averages, indicating a bearish trend, with a significant decline in delivery volume and a year-to-date drop of 33.24%.
As of 05-Jun, Shri Gang Industries & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 91.00, which reflects a decrease of Rs 2.6 or 2.78%. The stock has underperformed its sector today by 2.79%, reaching an intraday low of Rs 90, which is a drop of 3.85%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, falling by 75.25% compared to the 5-day average, suggesting a reduction in investor participation. Over the past month, the stock has declined by 9.45%, while it has seen a year-to-date drop of 33.24%, although it has performed well over the past year with a return of 34.46%.

In the broader market context, the Sensex has shown a slight decline of 0.23% over the past week and a modest gain of 0.80% over the past month, contrasting with Shri Gang Industries' significant drop. Year-to-date, while the Sensex has increased by 4.23%, the company's stock has sharply fallen, indicating a stark divergence from the overall market performance. The long-term performance of the stock has been impressive, with a 560.38% increase over the past three years, but the recent trends suggest that current investor sentiment is negative, contributing to the stock's downward movement.
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