Digjam Ltd Faces Intense Selling Pressure Amid Significant Price Declines and Losses

Digjam Ltd, a microcap player in the Garments & Apparels industry, is currently facing significant selling pressure, with only sellers active in the market today. The stock has experienced consecutive days of losses, reflecting a troubling trend for investors. Over the past week, Digjam has declined by 3.25%, while the Sensex has shown a modest gain of 0.36%.
In the last month, Digjam's performance has been particularly stark, with a drop of 7.23% compared to the Sensex's increase of 1.36%. Year-to-date, the stock has plummeted by 37.94%, contrasting sharply with the Sensex's gain of 4.61%. Over the past year, Digjam has seen a staggering decline of 53.50%, while the Sensex has risen by 8.88%.

Despite a notable 1748.84% increase over the past five years, the recent performance indicates a significant downturn, with a three-year decline of 71.28% against the Sensex's impressive 46.82% rise. The stock's current price is higher than its 5-day, 20-day, and 50-day moving averages but remains below the 100-day and 200-day moving averages, suggesting a challenging market position.