Arex Industries Ltd Faces Significant Selling Pressure with 4.73% Decline 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, reflecting a troubling trend for investors. In the past day, Arex Industries declined by 4.73%, while the benchmark Sensex managed a modest gain of 0.44%. Over the past week, the stock has lost 4.15%, contrasting sharply with the Sensex's 1.64% increase.
The performance over the last month reveals a decline of 8.71% for Arex Industries, compared to a 1.36% rise in the Sensex. Year-to-date, the stock is down 12.96%, while the Sensex has appreciated by 5.63%. Notably, the stock has underperformed its sector by 3.33% today and has shown erratic trading patterns, not trading on two days out of the last 20.

The stock opened with a gap down of 4.73% and reached an intraday low of Rs 141. Additionally, Arex Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively contribute to the ongoing selling pressure observed in Arex Industries Ltd.