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 9.11% in just one day, starkly contrasting with the Sensex's modest drop of 0.47%. Over the past week, Cupid Breweries has plummeted by 18.80%, while the Sensex has managed a slight gain of 0.15%.
In the month, the stock has seen a staggering decline of 26.85%, compared to the Sensex's increase of 8.27%. The three-month performance reveals a 30.11% drop for Cupid Breweries, while the Sensex has risen by 3.22%. Year-to-date, the stock is up 31.12%, outperforming the Sensex's 2.85%, but recent trends indicate a sharp reversal.

Today's trading saw the stock hit an intraday low of Rs 85.05, reflecting a decline of 8.89%. The stock is currently underperforming its sector, which has fallen by 2.59%. Moving averages indicate that while the stock is above the 200-day average, it is below the 5-day, 20-day, 50-day, and 100-day averages, suggesting a bearish trend.