CMI Ltd Faces Intense Selling Pressure Amidst Ongoing Price Declines and Losses

CMI Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, as CMI has underperformed the broader market consistently. Over the past week, the stock has declined by 2.49%, while the Sensex has gained 1.02%. In the last month, CMI's performance has been even more concerning, with a drop of 5.11% compared to the Sensex's 7.52% increase.
The stock's performance over longer periods reveals a troubling trajectory. Over the past three months, CMI has plummeted by 23.24%, and its year-to-date performance stands at a decline of 26.00%. In stark contrast, the Sensex has risen by 3.71% during the same timeframe. The microcap stock has also shown a staggering decline of 87.85% over the past three years, while the Sensex has appreciated by 45.48%.

Additionally, CMI's trading activity has been erratic, with the stock not trading on four out of the last 20 days. It is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This underperformance is notable, especially as the cable sector has gained by 2.31%.