Alps Industries Faces Selling Pressure with 2.51% Decline, Total Loss of 5.37% Over Two Days

Alps Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced consecutive losses, falling 2.51% in just one day, which is notably worse than the Sensex's decline of 0.42%. Over the past week, Alps Industries has lost 1.52%, while the Sensex gained 0.86%.
In the longer term, the stock's performance has been troubling, with a staggering 54.46% drop over the past year compared to the Sensex's positive return of 9.38%. Year-to-date, Alps Industries is down 38.41%, while the Sensex has risen by 8.26%. The stock has also underperformed its sector by 2.35% today.

The stock has been losing for the last two days, accumulating a total decline of 5.37% during this period. While it remains above the 50-day moving average, it is below the 5-day, 20-day, 100-day, and 200-day moving averages, indicating a bearish trend. Factors contributing to this selling pressure may include broader market conditions and company-specific challenges, which warrant close observation.