Dhanlaxmi Fabrics Ltd Faces Selling Pressure, Declines 4.99% Amid Ongoing Losses and Bearish Trend.

Dhanlaxmi Fabrics Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced a notable decline, with a 4.99% drop in its share price, contrasting sharply with the Sensex, which has gained 0.06% on the same day. This marks the third consecutive day of losses for Dhanlaxmi Fabrics, accumulating a total decline of 10.4% over this period.
In terms of weekly performance, the stock has fallen by 6.09%, while the Sensex has risen by 1.11%. Over the past month, Dhanlaxmi Fabrics has managed a modest gain of 4.64, but this is overshadowed by its year-to-date performance, which shows a decline of 9.74% compared to the Sensex's increase of 3.99%.

The stock opened with a gap down today, hitting an intraday low of Rs 58.13. It has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The narrow trading range of Rs 0.03 further reflects the lack of buying interest in the stock, contributing to the ongoing selling pressure.