Dhanlaxmi Cotex Faces Intense Selling Pressure Amid Significant Price Declines

Dhanlaxmi Cotex Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past five days, resulting in a total loss of 9.56% during this period. In today's trading session, Dhanlaxmi Cotex fell by 1.98%, underperforming the Sensex, which recorded a slight gain of 0.11%.
Over the past week, the stock has declined by 9.56%, while the Sensex has only dipped by 1.57%. This trend continues over the month, with Dhanlaxmi Cotex down 7.38% compared to the Sensex's 2.61% decline. More notably, the stock has underperformed significantly over the last three months, plummeting 31.22% against the Sensex's modest gain of 1.47%.

Dhanlaxmi Cotex is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the last year remains positive at 125.94%, but the recent selling pressure raises concerns about its market position in the trading and distribution sector.