Cupid Breweries Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 5.88%. Today, it opened with a gap down of 2%, reaching an intraday low of Rs 94.12.
In terms of performance, Cupid Breweries & Distilleries has underperformed the broader market, with a 1-day decline of 2.00% compared to the Sensex's modest gain of 0.25%. Over the past week, the stock has dropped 4.54%, while the Sensex fell only 0.46%. The month-to-date performance shows a decline of 5.22% for Cupid Breweries, contrasting with a 0.55% increase in the Sensex. Over the last three months, the stock has plummeted by 38.64%, while the Sensex has risen by 10.90%.

Despite a year-to-date performance of 45.45%, which outpaces the Sensex's 3.59%, the recent trends indicate a shift in market sentiment. The stock is currently trading below its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains above the 200-day moving average. This combination of factors suggests a challenging environment for Cupid Breweries & Distilleries as it navigates through this selling pressure.