Recent Price Movement and Market Context
The stock has been under pressure for the past three consecutive days, cumulatively losing 7.14% in that period. Despite touching an intraday high of Rs 62.18, the weighted average price indicates that most trading volume occurred near the day's low, signalling selling dominance. Furthermore, Sanghi Industries is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a bearish technical outlook.
The cement sector, to which Sanghi Industries belongs, also experienced a downturn, declining by 2.71% on the same day. This sector-wide weakness has compounded the stock’s underperformance, which lagged the sector by 0.91% today.












