Cupid Breweries Faces Intense Selling Pressure Amid Significant Stock Declines

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price falling by 4.98% in a single day, while the Sensex has gained 0.89% during the same period. Over the past week, Cupid Breweries has seen a steep drop of 13.65%, contrasting sharply with the Sensex's increase of 2.20%.
In the last month, the stock has lost 17.25%, while the Sensex has risen by 5.67%. This trend of consecutive losses extends to six days, during which Cupid Breweries has recorded a total decline of 16.97%. The stock reached an intraday low of Rs 99.3 today, underperforming its sector by 4.52%.

Despite being above its 200-day moving average, the stock remains below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a bearish trend. Factors contributing to this selling pressure may include market sentiment, company-specific challenges, or broader economic conditions impacting the breweries and distilleries sector.