Dhanlaxmi Cotex Faces Intense Selling Pressure Amid Consecutive Losses and Market Decline

Dhanlaxmi Cotex Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a total decline of 3.94%. In terms of daily performance, Dhanlaxmi Cotex has dropped by 1.98%, underperforming the Sensex, which fell by 0.88%.
Over the past week, the stock has declined by 6.15%, while the Sensex has only decreased by 0.36%. The one-month performance shows a decline of 3.40% for Dhanlaxmi Cotex compared to a 1.56% drop in the Sensex. More notably, the stock has plummeted by 37.35% over the last three months, contrasting sharply with the Sensex's gain of 2.84%.

Despite its recent struggles, Dhanlaxmi Cotex has shown strong performance over the longer term, with a 130% increase over the past year and an impressive 927.04% rise over the last five years. However, the current selling pressure may be influenced by broader market trends, particularly within the Finance/NBFC sector, which has seen a decline of 2.12%. The stock opened at 163.3 and has remained at this price, indicating a lack of upward movement amidst the selling activity.