Candour Techtex Faces Intense Selling Pressure Amid Consecutive Losses and Underperformance

Candour Techtex Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, falling 6.56% in just one day, while the benchmark Sensex has only declined by 0.13% during the same period. Over the past week, Candour Techtex has lost 8.55%, compared to a 2.16% drop in the Sensex. The stock's performance over the last month reveals a substantial decline of 19.23%, while the Sensex has decreased by 7.12%.
In terms of price summary, Candour Techtex has underperformed its sector by 7.36% today, with the stock hitting an intraday low of Rs 84.4, reflecting a 6.12% decrease. The stock has been on a downward trend for the last two days, accumulating a total loss of 5.17% in that timeframe. Although it remains above its 200-day moving average, it is trading below its 5-day, 20-day, 50-day, and 100-day moving averages. Notably, the textile machinery sector has gained 2.3%, contrasting sharply with Candour Techtex's performance.