Cupid Breweries & Distilleries Ltd Faces Selling Pressure with 4.96% Decline Amid Market Gains

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.96% in its one-day performance, contrasting sharply with the Sensex, which has gained 0.45%. This marks a trend reversal for Cupid Breweries, which had enjoyed seven consecutive days of gains prior to this downturn.
Over the past week, Cupid Breweries has lost 1.32%, while the Sensex has increased by 0.69%. The stock's performance over the last month remains positive at 10.86%, outperforming the Sensex's 5.78% gain. However, in the three-month period, Cupid Breweries has declined by 2.73%, while the Sensex has risen by 4.51%.

The stock touched an intraday low of Rs 101.65, reflecting a significant drop. Despite being above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. The broader Breweries & Distilleries sector has seen a gain of 3.54%, further highlighting the underperformance of Cupid Breweries in this context.