Cupid Breweries Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded consecutive days of losses, with a notable decline of 2.46% in today's trading session, compared to a minor drop of 0.19% in the Sensex. Over the past week, Cupid Breweries has seen a total decline of 4.37%, while the Sensex has managed a slight gain of 0.18%.
In the broader context, the stock's performance over the last three months has been particularly concerning, with a decrease of 9.48%, contrasting sharply with the Sensex's gain of 13.15%. Year-to-date, Cupid Breweries has performed well with a 62.26% increase, but this is overshadowed by its stagnant performance over the past three years and beyond, where it has shown no growth compared to the Sensex's impressive 53.37% rise.

Today's trading saw the stock hit an intraday low of Rs 102.3, reflecting a 4.97% drop. The stock is currently underperforming its sector by 5.88%. While it remains above its 20-day, 50-day, and 200-day moving averages, it is below its 5-day and 100-day moving averages, indicating a potential shift in market sentiment.