Nirman Agri Genetics Ltd is experiencing significant selling pressure, marked by consecutive losses and a notable decline today. Despite a positive return over the past month, the stock has seen substantial year-to-date and annual declines, underperforming against the broader market and its sector.
Nirman Agri Genetics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 5.00% in just one day, starkly contrasting with the Sensex’s minor drop of 0.14%. Over the past week, Nirman Agri Genetics has seen a steep decline of 18.53%, while the Sensex has gained 0.55%.
In the broader context, the stock’s performance over the past month shows a positive return of 15.29%, but this is overshadowed by a year-to-date decline of 58.92%, compared to the Sensex’s gain of 3.49%. The stock has underperformed significantly over longer periods as well, with a staggering 52.27% drop over the past year and a flat performance over the last three to five years, while the Sensex has surged by over 42% and 108%, respectively.
Currently, Nirman Agri Genetics is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock’s performance today has underperformed its sector by 4.6%, highlighting the ongoing challenges it faces in the market.