Candour Techtex Ltd Faces Selling Pressure, Stock Declines 3.45% After Hitting All-Time High

Candour Techtex Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a decline of 3.45% in its stock price, contrasting sharply with the Sensex, which has only dipped by 0.25%. This marks a trend reversal for Candour Techtex, which had previously enjoyed three consecutive days of gains.
Over the past week, the stock has performed well, gaining 11.74%, but the current selling trend has overshadowed this short-term success. In the last month, Candour Techtex has surged by 56.60%, significantly outperforming the Sensex's 3.22% increase. However, the recent downturn has raised concerns, especially as the stock touched an intraday low of Rs 146.36, reflecting a 5% drop from its peak.

Despite the current selling pressure, Candour Techtex has shown remarkable long-term performance, with a staggering 321.39% increase over the past three years. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong historical position. The stock has also reached a new 52-week and all-time high of Rs 154.95 today, although it underperformed its sector by 4.24%.