Cupid Breweries Faces Intense Selling Pressure Amid Significant Price Declines

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 1.99% in just one day, compared to the Sensex's decrease of 0.51%. Over the past week, Cupid Breweries has dropped 6.75%, while the Sensex has gained 0.70%. The trend continues with a 16.48% decline over the past month, contrasting sharply with the Sensex's positive performance of 3.21%.
In the last three months, Cupid Breweries has seen a staggering 38.65% drop, while the Sensex has risen by 9.58%. Despite a year-to-date performance of 48.43%, significantly outperforming the Sensex's 4.63%, the recent trends indicate a shift in market sentiment.

The stock's performance today underperformed its sector by 1.55%. While it remains above the 200-day moving average, it is currently below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a bearish trend. Factors contributing to this selling pressure may include market volatility and shifts in investor sentiment within the beverages sector.