Cupid Breweries Faces Intense Selling Pressure Amid Significant Price Declines

Cupid Breweries & Distilleries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 6.07%, contrasting sharply with the Sensex, which has gained 0.92% on the same day. This marks a trend reversal after two consecutive days of gains, highlighting a shift in market sentiment.
Over the past week, Cupid Breweries & Distilleries Ltd has performed positively with a 7.32% increase, but this is overshadowed by a substantial 20.96% drop over the past month. The three-month performance reveals a more pronounced decline of 34.43%, while year-to-date, the stock has managed a gain of 49.51%, outperforming the Sensex's 4.85% increase.

Today's trading opened with a gap down at Rs 96.75, which also represents the day's low, indicating a lack of upward momentum. The stock is currently trading at this price without any significant range. Notably, while it remains above the 5-day and 200-day moving averages, it is below the 20-day, 50-day, and 100-day moving averages, suggesting a potential shift in the stock's short-term trend.