C J Gelatine Faces Intense Selling Pressure Amid Continued Price Declines

C J Gelatine Products Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.97% today, starkly contrasting with the Sensex's modest drop of 0.34%. This marks a continuation of a downward trend, as C J Gelatine has experienced consecutive losses over the past week, month, and year.
In the last week, the stock has fallen by 5.56%, while over the past month, it has plummeted 17.65%. Year-to-date, C J Gelatine's performance is down 41.56%, significantly underperforming the Sensex, which has gained 4.11% in the same period. The stock's performance over three years shows a decline of 28.67%, compared to the Sensex's impressive growth of 45.47%.

Several factors may be contributing to this selling pressure, including erratic trading patterns, as the stock did not trade on two days out of the last 20. Additionally, C J Gelatine is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Overall, the stock's performance reflects a challenging environment within the specialty chemicals sector.