Arex Industries Ltd Faces Significant Selling Pressure with 4.74% 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 a notable decline of 4.74% in its one-day performance, starkly contrasting with the Sensex, which has gained 0.35%. This marks a continuation of a troubling trend, as Arex Industries has experienced consecutive days of losses, with a weekly decline of 1.60% and a monthly drop of 7.17%.
Over the past year, Arex Industries has underperformed the Sensex significantly, with a loss of 15.51% compared to the index's decline of just 5.69%. Year-to-date, the stock is down 8.89%, while the Sensex has risen by 3.28%. The three-year performance reveals a staggering decline of 40.95% for Arex Industries, in contrast to the Sensex's impressive growth of 43.07%.

Today's trading session saw the stock open with a gap down at Rs 147.6, reaching an intraday low of the same price. The stock has not traded on one day out of the last 20, indicating erratic trading behavior. Additionally, Arex Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing selling pressure.