Cupid Breweries Faces Intense Selling Pressure Amid Consecutive Losses and Underperformance

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling by 4.98% in just one day, while the Sensex has gained 0.66% during the same period. Over the past week, Cupid Breweries has declined by 8.51%, compared to a modest 1.59% drop in the Sensex.
In the last month, the stock has lost 13.09%, significantly underperforming the Sensex, which has only decreased by 0.32%. The three-month performance shows a decline of 11.35% for Cupid Breweries, while the Sensex has fallen by just 1.36%. Year-to-date, the stock is up 37.00%, contrasting sharply with the Sensex's 2.82% increase, but this is overshadowed by its longer-term performance, where it has shown no growth over the past three, five, and ten years, while the Sensex has risen substantially.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The recent selling pressure may be attributed to broader market sentiments or company-specific challenges, but the exact contributing factors remain unclear.