CMI Ltd Faces Significant Selling Pressure with 30.08% Yearly Loss Amid Ongoing Declines

CMI Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded consecutive days of losses, reflecting a challenging environment for investors. In the last day, CMI Ltd's performance declined by 2.48%, while the Sensex managed a modest gain of 0.68%. Over the past week, CMI's decline of 2.48% contrasts with the Sensex's increase of 2.67%.
Looking at longer-term performance, CMI Ltd has struggled significantly, with a year-to-date loss of 25.60% compared to the Sensex's gain of 8.17%. The stock's performance over the past year shows a stark decline of 30.08%, while the Sensex has risen by 4.06%. Over three years, CMI Ltd has plummeted by 83.65%, and over five years, the decline is even more pronounced at 89.12%.

Factors contributing to the selling pressure may include erratic trading patterns, as the stock did not trade on four days out of the last 20. Additionally, while CMI Ltd's price is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.