CMI Ltd. Faces Intensified Selling Pressure Amid Significant Price Declines and Losses

CMI Ltd. (India) is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a loss of 1.76% today, underperforming the Sensex, which gained 0.34%. This marks a continuation of a troubling trend, as CMI has experienced consecutive days of losses, with a weekly decline of 1.76% and a monthly drop of 9.73%.
Over the past three months, CMI's performance has deteriorated by 22.33%, while the Sensex has risen by 10.94%. The stock's year-to-date performance stands at a staggering -33.20%, compared to the Sensex's positive return of 5.54%. In the longer term, CMI has seen a decline of 88.11% over three years and 96.17% over the past decade, starkly contrasting with the Sensex's gains of 49.07% and 211.42%, respectively.

Currently, CMI is trading just 0.3% away from its 52-week low of Rs 3.33 and has underperformed its sector by 2.97%. The stock has shown erratic trading patterns, not trading on four out of the last 20 days, and is below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These factors contribute to the ongoing selling pressure observed in CMI Ltd.