City Pulse Multiventures Faces Intense Selling Pressure Amid Significant Price Declines

City Pulse Multiventures 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, resulting in a total decline of 19.87%. Today, the stock plummeted by 9.74%, contrasting sharply with the Sensex, which gained 0.45%.
Over the past week, City Pulse Multiventures has seen a decline of 16.67%, while the Sensex rose by 1.86%. The one-month performance also reflects a downturn of 9.82% against the Sensex's increase of 2.21%. Despite a strong performance in the longer term, with a remarkable 7638.46% increase over three years, the recent trend indicates a shift in market sentiment.

The stock reached an intraday low of Rs 2515.15, showcasing high volatility with an intraday fluctuation of 5%. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it has fallen below its 5-day and 20-day moving averages, suggesting a potential shift in momentum. The current market dynamics and recent performance metrics highlight the challenges facing City Pulse Multiventures in the garments and apparel sector.