CMI Ltd Faces Intense Selling Pressure Amid Significant Price Declines and Losses

CMI 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 5.00% today, underperforming the Sensex, which fell by just 0.63%. This marks a continuation of a troubling trend, as CMI has experienced consecutive days of losses, with a weekly decline of 5.00% compared to the Sensex's 1.52% drop.
Over the past month, CMI's performance has deteriorated further, down 11.37%, while the Sensex has only declined by 3.70%. The stock's year-to-date performance is particularly concerning, with a staggering loss of 39.20%, contrasting sharply with the Sensex's gain of 3.60%. Over the longer term, CMI has seen a dramatic decline of 90.66% over the past five years, while the Sensex has risen by 110.30%.

Today, CMI hit a new 52-week low of Rs. 3.04, reflecting its ongoing struggles. The stock has also shown erratic trading patterns, failing to trade on four days out of the last 20. Additionally, CMI is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend in its market position.