Persistent Downward Momentum
Veritas (India) has been under considerable selling pressure over recent weeks. The stock has declined by 8.75% in the past week, sharply underperforming the Sensex benchmark, which recorded a modest fall of 0.63% during the same period. Over the last month, the stock’s slide has intensified, plunging 29.58%, while the Sensex gained 2.27%. Year-to-date figures reveal an even more pronounced divergence, with Veritas (India) down 77.80% compared to the Sensex’s 8.91% rise. This stark contrast highlights the stock’s vulnerability amid a generally buoyant market environment.
Technical Indicators Signal Weakness
On the technical front, Veritas (India) is trading below all key moving averages, including the 5-day, 20-day, ...
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