Key Events This Week
Jan 7: Death Cross formation signalling bearish trend
Jan 8: Downgrade to Strong Sell by MarketsMOJO
Jan 8: Bearish momentum confirmed by multiple technical indicators
Jan 9: Week closes at Rs.1,825.65 (-5.60%)
Why is Summit Securities Ltd falling/rising?
2026-01-10 01:02:38
Recent Price Movements and Market Performance
Summit Securities has experienced a sustained fall in its stock price, with a consecutive four-day decline resulting in a cumulative loss of 5.52%. The stock’s performance over the past week and month has been significantly weaker than the broader market benchmarks, falling 5.33% and 5.97% respectively, compared to the Sensex’s more modest declines of 2.55% and 1.29% over the same periods. Year-to-date, the stock has shed 5.87%, again underperforming the Sensex’s 1.93% drop.
Intraday trading on 09-Jan saw the stock touch a low of ₹1,818, representing a 2.75% decline from previous levels. Moreover, Summit Securities is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, ...
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Summit Securities Ltd Faces Bearish Momentum Amid Technical Downturn
2026-01-08 08:04:04Summit Securities Ltd, a key player in the Non Banking Financial Company (NBFC) sector, has seen a marked shift in its technical momentum, with multiple indicators signalling a bearish trend. The stock’s recent downgrade to a Strong Sell by MarketsMOJO reflects growing concerns over its near-term price trajectory amid weakening momentum and subdued market sentiment.
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Summit Securities Ltd Downgraded to Strong Sell Amid Technical and Fundamental Weakness
2026-01-08 08:03:30Summit Securities Ltd, a Non Banking Financial Company (NBFC), has been downgraded from a Sell to a Strong Sell rating by MarketsMOJO as of 7 January 2026. This revision reflects deteriorating technical indicators, subdued financial trends, and weak fundamental quality, despite some positive quarterly results. The stock’s valuation remains fair but is overshadowed by significant underperformance relative to the broader market and peers.
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