NSE Nifty 50: Top 5 stock losers of May 5, 2025

In this article, we will explore the technical indicators of some of the low-performing stocks on the Indian stock market, including DRREDDY, JSWSTEEL, KOTAKBANK, ONGC, and SBILIFE.

By looking at these stocks through the lens of key technical factors, we aim to better understand their price movements, trends, and potential future performance.

Analysis for Dr Reddys Labs - May 05, 2025

Dr. Reddy's Laboratories Performance Summary: Dr. Reddy's Laboratories, operating in the healthcare sector as a drug manufacturer specializing in both specialty and generic drugs, experienced a minor dip in its stock price with a closing value of 1171.30 INR, marking a negative change of approximately 0.56% from the previous close. The company's market capitalization stands at approximately 979 billion INR, with a P/E ratio of 18.21, reflecting its earnings performance. With an RSI of 51.64, the stock exhibits a stable momentum, and a positive MACD indicates a potentially bullish trend.

Relationship with Key Moving Averages

Dr Reddys Labs' current closing price of 1171.30 is slightly below its 50-day EMA of 1172.67, indicating a near-term downward pressure. It is also below the 10-day EMA of 1175.01 but above the 20-day EMA of 1167.16, suggesting mixed signals in short-term trends. Furthermore, the price is significantly below the 200-day EMA of 1224.12, indicating a longer-term downtrend.

Moving Averages Trend (MACD)

Dr Reddys Labs shows a MACD of 7.70 with a MACD Signal of 5.02, indicating a positive divergence. This suggests potential upward momentum as the MACD line is above the signal line, which may be seen as a bullish signal by traders.

RSI Analysis

The RSI (Relative Strength Index) for Dr Reddys Labs is 51.64, indicating a neutral market sentiment. As RSI values between 30 and 70 generally represent a stock that is neither overbought nor oversold, the current RSI suggests stable conditions without immediate buying or selling pressures.

Analysis for JSW Steel - May 05, 2025

JSW Steel experienced a decline in stock price with a closing at 955.5, which is a 1.24% decrease from the previous close of 967.5. The stock faced a lower trading volume of 1,645,961 shares. Overall, the performance indicators suggest bearish momentum, with an RSI of 37.56 indicating potential overselling. The market cap remains substantial at 2,343.09 billion INR.

Relationship with Key Moving Averages

JSW Steel is currently trading below its key moving averages, specifically the 50-day EMA at 1003.66 and the 10-day EMA at 1007.58, suggesting potential downward momentum. However, it is slightly above its 200-day EMA at 958.61, indicating long-term stability.

Moving Averages Trend (MACD)

JSW Steel's MACD of -2.80 indicates a bearish trend as it is negative and is below the MACD Signal of 3.74. This suggests that the short-term momentum is weaker than the long-term momentum, potentially signaling further downward price movement.

RSI Analysis

The RSI (Relative Strength Index) for JSW Steel is 37.56, which typically indicates a stock is in the oversold territory as it is below 30-50 range. This suggests potential undervaluation, but further analysis is crucial before decision-making.

Analysis for Kotak Mahindra Bank - May 05, 2025

Kotak Mahindra Bank experienced a decline in its stock price, with a closing value of 2084.90, marking a -4.44% change from its previous close of 2181.70. Despite this downturn, the bank maintains a solid market cap of 4.14 trillion INR and operates within the Financial Services sector, specifically in the Banks - Regional industry in India.

Relationship with Key Moving Averages

### Relationship with Key Moving Averages for Kotak Mahindra Bank: Kotak Mahindra Bank's current close of 2084.90 is slightly above its 50-day EMA of 2080.03, indicating near-term price strength. However, it is below both the 10-day EMA of 2175.43 and the 20-day EMA of 2157.95, suggesting recent short-term weakness. The stock remains well above its 200-day EMA of 1912.34, reflecting a longer-term uptrend.

Moving Averages Trend (MACD)

The MACD for Kotak Mahindra Bank is currently at 32.10, while the signal line is at 44.77, indicating a bearish signal as the MACD line is below the signal line. Additionally, the RSI is at 43.01, suggesting that the stock is not in the overbought or oversold territory.

RSI Analysis

RSI Analysis for Kotak Mahindra Bank: The Relative Strength Index (RSI) for Kotak Mahindra Bank is 43.01, indicating that the stock is closer to being oversold, as RSI values below 30 typically suggest this. However, with an RSI above 40, it is not yet in the oversold territory, suggesting potential stability or a slow downtrend in buying momentum.

Analysis for ONGC - May 05, 2025

ONGC Performance Description: ONGC's stock experienced a decrease in its closing price, falling by 1.46% from the previous close, with a points change of -3.54. Despite trading within a range of 234.5 to 241.15, the stock closed at 239.20. The Relative Strength Index (RSI) indicates neutrality at 48.15, and the stock is trading below critical exponential moving averages (50 EMA and 200 EMA), suggesting potential bearish momentum.

Relationship with Key Moving Averages

The stock ONGC is trading below its 50-EMA (240.57) and 10-EMA (243.67) with a close price of 239.20, indicating short-term bearish momentum. However, it remains above the 200-EMA (247.94), suggesting that the longer-term trend might still be bullish.

Moving Averages Trend (MACD)

### ONGC MACD Analysis The MACD for ONGC is slightly below its signal line, with values of 2.17 and 2.40 respectively, indicating a bearish momentum. The recent price movements suggest a potential downtrend, as confirmed by the negative % change and lower closing price compared to the previous close.

RSI Analysis

RSI Analysis for ONGC: The RSI (Relative Strength Index) for ONGC is at 48.15. This level indicates that the stock is in a neutral zone, suggesting a balance between buying and selling pressures. It is neither overbought nor oversold at the moment.

Analysis for SBI Life - May 05, 2025

SBI Life Insurance demonstrated a performance with a slight increase in price, closing at 1769.90, which marks a 0.44% change from the previous close. Technical indicators like the RSI suggest an overbought condition, while the MACD displays a bullish momentum. Its position is strengthened by a significant market cap and a relatively high PE ratio, indicating investor confidence in its growth potential within the Financial Services sector in India.

Relationship with Key Moving Averages

SBI Life is currently trading above its 10 EMA, 20 EMA, 50 EMA, and 200 EMA, indicating a bullish trend. The stock is significantly above the 50 EMA and 200 EMA, suggesting strong upward momentum over recent periods. Considering the 10 EMA's proximity to the current price, it reflects short-term market enthusiasm, despite the relatively high RSI.

Moving Averages Trend (MACD)

SBI Life has a MACD of 69.15, which is above the MACD Signal of 52.15, indicating a bullish momentum in the stock. The positive divergence suggests that the stock might continue to rise if the current trend persists. Additionally, with an RSI of 77.45, the stock appears to be in overbought territory, which may warrant caution for potential retracements.

RSI Analysis

SBI Life has an RSI of approximately 77.45, indicating that the stock is currently in overbought territory. This suggests potential for a price pullback or correction in the near term, as the RSI is significantly above the typical overbought threshold of 70. Investors should exercise caution and monitor any signs of a reversal.