Death Cross Alert: Key Stocks Under Pressure
Last Updated: 24th June 2026 - 06:38 pm
The Death Cross is a widely followed bearish technical indicator that occurs when a stock’s 50-day moving average (DMA) falls below its 200-day moving average (DMA). It is generally viewed as a sign of weakening price momentum and may indicate the possibility of an extended downtrend or continued selling pressure. While the pattern is closely monitored by traders, it should be assessed alongside broader market conditions and company-specific developments.
Below are some prominent stocks currently exhibiting a Death Cross pattern:
| Sr. | Stock Name |
| 1 | Shree Cements Limited |
| 2 | Ambuja Cements Limited |
| 3 | Tech Mahindra Limited |
| 4 | ICICI Bank Limited |
| 5 | Cholamandalam Investment and Finance Company Limited |
| 6 | InterGlobe Aviation Limited |
1. Shree Cement Ltd
Shree Cement Ltd is one of India’s leading cement manufacturers and among the country’s lowest-cost producers. With an installed production capacity of 46.4 MTPA, it ranks as the third-largest cement producer in India. The company has a market capitalisation of ₹93,345 crore, while its stock has declined 3.50% YTD.
2. Ambuja Cements Ltd
Ambuja Cements Ltd is one of India’s leading cement manufacturers and a part of the Adani Group, with a cement capacity of 31 million tonnes across six integrated plants and eight grinding units. The company reported FY26 revenue from operations of ₹25,052.05 crore, up from ₹20,888.70 crore in FY25, reflecting strong business growth. Despite this, the stock has declined 23.11% YTD.
3. Tech Mahindra Ltd
Tech Mahindra Ltd is a leading information technology services company offering a comprehensive range of solutions, including IT services, application development and maintenance, consulting, enterprise business solutions and digital transformation services across multiple industries. The company has a market capitalisation of ₹1,42,334 crore. Despite its diversified business model and global presence, the stock has declined 10.08% YTD.
4. ICICI Bank Ltd
ICICI Bank Ltd is India’s second-largest private sector bank, offering a diversified range of financial products and services to retail, SME and corporate customers. The ICICI Group also has a presence in life and general insurance, housing finance and other financial services through its subsidiaries and associates. Despite its strong franchise, the stock has declined 3.63% over the past one year. During the same period, FII holding decreased from 43.87% to 34.48%, reflecting a reduction in foreign institutional ownership.
5. Cholamandalam Investment and Finance Company Ltd
Cholamandalam Investment and Finance Company Ltd is one of India’s leading diversified non-banking financial companies (NBFCs), offering vehicle finance, home loans, loans against property and other lending solutions across retail and commercial segments. Despite a reduction in foreign institutional investor (FII) holding from 26.56% to 24.87%, the stock has delivered a positive YTD return of 2.79%, reflecting resilience amid changing ownership patterns and continued investor confidence in its business model.
6. InterGlobe Aviation Ltd
InterGlobe Aviation Ltd, which operates IndiGo, is India’s largest passenger airline and the country’s leading low-cost carrier, serving domestic and international destinations with a focus on affordable fares and operational efficiency. The company has a market capitalisation of ₹1,96,033 crore. Recently, IndiGo announced the temporary suspension of operations to six international destinations as part of its network optimisation strategy while continuing to operate over 1,800 weekly international flights, highlighting its focus on improving route efficiency and capacity utilisation.
7. Infosys Ltd
Infosys Ltd is India’s second-largest information technology services company, providing consulting, outsourcing, digital transformation and next-generation technology solutions to clients across the globe. The company has a market capitalisation of ₹4,25,112 crore. Recently, Infosys expanded its multi-year collaboration with GlobalFoundries to deliver AI-driven managed services across the semiconductor company’s enterprise IT operations, reinforcing its capabilities in artificial intelligence, automation and large-scale digital transformation.
Conclusion
Although these stocks are currently exhibiting a Death Cross pattern, several of them continue to make strategic progress through business expansion, technology partnerships and operational initiatives. Companies such as Infosys and IndiGo have announced significant growth-oriented developments, while Ambuja Cements has reported strong revenue growth despite share price weakness. This highlights that technical indicators may reflect near-term market sentiment, and investors should keep an eye on evolving trends and corporate developments when tracking such stocks.
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Sachin Gupta
5paisa Capital Ltd