Automobile Corporation Of Goa Ltd Faces Increased Selling Pressure Amid Consecutive Losses

Automobile Corporation Of Goa Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a decline of 3% during this period. Today, the stock fell by 2.00%, underperforming the Sensex, which decreased by 0.63%. Over the past week, the stock has lost 4.58%, compared to the Sensex's decline of 1.23%. While the stock has shown strong performance over the longer term, with a 47.14% increase over the past three months, its one-year performance reveals a stark contrast, with a decline of 23.94% against the Sensex's gain of 5.69%. The stock's price summary indicates that it touched an intraday low of Rs 1813 today. Additionally, while it remains above the 50-day and 100-day moving averages, it is below the 5-day, 20-day, and 200-day moving averages. This trend suggests a shift in market sentiment, contributing to the current selling pressure.