Active Clothing Co Faces Intense Selling Pressure Amid Consecutive Losses and Market Decline

Active Clothing Co Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a notable decline of 7.89% during this period. Today, the stock fell by 1.25%, underperforming the Sensex, which decreased by 0.75%.
Over the past week, Active Clothing Co has seen a decline of 3.84%, contrasting sharply with the Sensex's gain of 2.63%. The one-month performance reveals a substantial drop of 16.80% for Active Clothing, while the Sensex has risen by 3.79%. Despite a strong performance over the longer term, including a remarkable 325.15% increase over three years, the recent trends indicate a shift in market sentiment.

The stock's price summary shows it reached an intraday high of Rs 112.95, reflecting a 4.73% increase, but also dipped to a low of Rs 105, down 2.64%. Additionally, Active Clothing is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the current bearish trend. Factors contributing to this selling pressure may include broader market dynamics and sector-specific challenges within the textile industry.