Chordia Food Products Ltd Faces Selling Pressure with Year-to-Date Loss of 9.65%

Chordia Food Products Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, reflecting a challenging market environment for the microcap FMCG company.
In terms of performance, Chordia Food Products has exhibited a mixed trajectory relative to the Sensex. Over the past day, the stock remained flat at 0.00%, while the Sensex declined by 0.22%. However, in the past week, Chordia saw a gain of 4.20%, contrasting with the Sensex's slight drop of 0.13%. Despite this short-term uptick, the longer-term performance reveals a concerning trend: over the past year, the stock has declined by 8.59%, while the Sensex has gained 4.85%.

The stock's performance over three years shows a decline of 9.44%, compared to the Sensex's impressive 34.88% increase. Additionally, the stock has not traded on one day out of the last 20, indicating erratic trading behavior. Its current price is above the 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a lack of momentum. These factors collectively contribute to the ongoing selling pressure faced by Chordia Food Products Ltd.