Arex Industries Ltd Faces Significant Selling Pressure, Stock Declines 4.46% Amid Ongoing Losses

Arex Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has recorded consecutive days of losses, with a notable decline of 4.46% in today's trading session. This performance starkly contrasts with the Sensex, which has gained 0.64% on the same day.
Over the past week, Arex Industries has seen a decrease of 3.85%, while the Sensex has risen by 2.62%. The one-month performance also reflects a downward trend for Arex, down 3.78% compared to the Sensex's 2.25% increase. Year-to-date, Arex Industries has lost 7.41%, while the Sensex has gained 8.12%. The stock's longer-term performance is concerning, with a 50% decline over the past three years, compared to a 42.71% rise in the Sensex.

Today's trading saw Arex Industries open with a gap down at Rs 150, reaching an intraday low of the same price. The stock has been erratic, not trading on three days out of the last 20, and is currently below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. These factors contribute to the ongoing selling pressure observed in Arex Industries.