Cupid Breweries Faces Intense Selling Pressure Amidst Consecutive Losses and Market Concerns

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, the stock has experienced a notable decline of 11.78%, while the benchmark Sensex has seen a slight decrease of 0.20%.
In the context of longer-term performance, Cupid Breweries & Distilleries Ltd has shown a mixed trajectory. Over the past month, the stock gained 23.28%, significantly outperforming the Sensex, which rose by just 1.52%. However, the three-month performance reveals a downturn of 3.45% for Cupid Breweries, contrasting sharply with the Sensex's robust gain of 14.09%.

Year-to-date, Cupid Breweries has performed well with a 73.08% increase, compared to the Sensex's 6.78%. Despite these gains, the stock's performance over three, five, and ten years has been stagnant at 0.00%, while the Sensex has surged by 54.01%, 127.52%, and 196.19%, respectively.

The current selling pressure may be attributed to various factors, including market sentiment and potential profit-taking after recent gains. The stock's price is currently above its 5-day, 20-day, 50-day, and 200-day moving averages, but below the 100-day moving average, indicating a complex market position.