Active Clothing Co Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Active Clothing Co Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a one-day performance of -9.98%, significantly underperforming the Sensex, which fell by -3.42%. This marks the fourth consecutive day of losses for Active Clothing, accumulating a total decline of -13.96% over this period.
In the past week, the stock has dropped -14.42%, while the Sensex has decreased by -5.98%. Over the past month, Active Clothing's performance has been even more pronounced, with a decline of -21.93% compared to the Sensex's -2.08%. Year-to-date, the stock is down -13.55%, contrasting sharply with the Sensex's -6.85% performance.

The stock opened with a gap down today, starting at a loss of -9.98% and reaching an intraday low of Rs 93.8. Additionally, Active Clothing is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The textile sector as a whole has also seen a decline of -5.33%, which may be contributing to the selling pressure on Active Clothing Co Ltd.