Active Clothing Co 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 recorded consecutive days of losses, with a notable decline of 5.00% in its one-day performance, contrasting sharply with the Sensex, which has gained 0.15% during the same period. Over the past week, Active Clothing Co has seen a slight decrease of 0.35%, while the Sensex has dipped by 0.27%.
In the last month, the stock has experienced a more pronounced decline of 11.93%, compared to the Sensex's drop of 2.62%. However, it is worth noting that over the past three months, Active Clothing Co has outperformed the Sensex, gaining 4.39% against the Sensex's loss of 9.73%.

Today's trading session opened with a gap down of 5%, reaching an intraday high of Rs 126.05 and a low of Rs 114.05, indicating high volatility with an intraday fluctuation of 5%. The stock remains above its 5-day, 100-day, and 200-day moving averages, but below its 20-day and 50-day moving averages. The ongoing selling pressure may be influenced by broader market trends and sector-specific challenges within the textile industry.