Dhanlaxmi Cotex Faces Intense Selling Pressure Amid Significant Price Declines

Dhanlaxmi Cotex Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a consecutive decline over the past six days, resulting in a total loss of 11.35% during this period. Today, Dhanlaxmi Cotex's performance is down by 1.98%, contrasting sharply with the Sensex, which has gained 0.21%.
In the broader context, Dhanlaxmi Cotex has underperformed relative to the Sensex across various time frames. Over the past week, the stock has dropped 9.54%, while the Sensex has only decreased by 0.65%. The one-month performance shows a decline of 3.21% for Dhanlaxmi Cotex compared to a 2.45% drop in the Sensex. More notably, the stock has plummeted 32.59% over the last three months, while the Sensex has risen by 1.75%.

The stock opened at 150.7 and has remained at this price, trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This trend indicates a challenging market position for Dhanlaxmi Cotex, contributing to the ongoing selling pressure.