Cupid Breweries Faces Intense Selling Pressure Amid Significant Stock Price 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 a 5.00% drop in its stock price, contrasting sharply with the Sensex's modest gain of 0.04%. This marks a continuation of a troubling trend, as Cupid Breweries has recorded consecutive losses over the past week, totaling a decline of 12.63%, while the Sensex has increased by 0.25% during the same period.
Over the past month, Cupid Breweries has seen a decrease of 12.04%, significantly underperforming the Sensex, which has risen by 3.75%. Despite a year-to-date performance of 61.49%, which outpaces the Sensex's 2.79%, the recent trend indicates a shift in market sentiment.

The stock opened with a gap down of 4.77% today and reached an intraday low of Rs 104.5. While it has outperformed its sector by 1.53% today, it remains below its 5-day, 20-day, and 50-day moving averages, although it is higher than the 100-day and 200-day moving averages. This combination of factors suggests a challenging environment for Cupid Breweries & Distilleries Ltd as it navigates through this selling pressure.