Cupid Breweries & Distilleries Faces Intense Selling Pressure Amid Significant Price Declines
Cupid Breweries & Distilleries Ltd is experiencing notable selling pressure, with a significant decline over the past week and month. The stock has underperformed compared to the Sensex, reflecting a challenging trend as it remains below several key moving averages despite a brief initial gain today.
Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past seven days, resulting in a total loss of 21.11% during this period. Today's performance reflects a drop of 4.98%, starkly contrasting with the Sensex, which has gained 0.36%.In the past week, Cupid Breweries & Distilleries has seen a decline of 15.31%, while the Sensex has risen by 0.72%. Over the last month, the stock has plummeted by 20.71%, compared to a 7.20% increase in the Sensex. Even in the three-month view, Cupid Breweries & Distilleries has underperformed, with a decrease of 19.19% against the Sensex's 3.22% gain.
Despite opening with a gain of 4.73% today, the stock quickly fell to an intraday low of Rs 94.35. The stock's performance today underperformed its sector by 6.15%. While it remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a challenging trend for the microcap company.
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