Digjam Ltd Faces Significant Selling Pressure with 5% Decline Amidst Ongoing Losses

Digjam Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has recorded a notable decline of 5.00% in its one-day performance, starkly contrasting with the Sensex, which has gained 0.68%. This downward trend is not isolated; Digjam has experienced consecutive losses over the past week, month, and year, with a 12.51% drop in the last month alone, while the Sensex has risen by 5.41% during the same period.
Over the past year, Digjam's performance has been particularly concerning, with a staggering decline of 37.06%, compared to the Sensex's 6.77% increase. Year-to-date, the stock is down 21.39%, while the Sensex has appreciated by 8.50%. The three-year performance shows a drastic 57.65% decline for Digjam, against a 41.88% rise in the Sensex.

Additionally, the stock has underperformed its sector by a significant 99.44% today and has shown erratic trading patterns, not trading on five out of the last 20 days. Currently, Digjam is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend.