Arex Industries Ltd Faces Significant Selling Pressure, Stock Declines 5% 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 a notable decline of 5.00% in its one-day performance, starkly contrasting with the Sensex, which fell by just 0.49%. This marks a continuation of a troubling trend, as Arex Industries has experienced consecutive days of losses, with a weekly decline of 9.61% compared to a slight increase of 0.03% in the Sensex.
Over the past month, Arex Industries has dropped 12.37%, while the Sensex has gained 5.37%. Year-to-date, the stock is down 16.73%, significantly underperforming the Sensex's 8.24% rise. The three-year performance shows a staggering decline of 50.26% for Arex Industries, while the Sensex has appreciated by 41.06%.

Today's trading session opened with a gap down of 4.23%, and the stock reached an intraday low of Rs 134.90. It is currently just 1.67% away from its 52-week low of Rs 132.65. Arex Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The stock's performance today has underperformed its sector by 4.38%, highlighting the ongoing challenges it faces in the market.