EKI Energy Faces Intense Selling Pressure Amid Significant Price Declines and Losses

EKI Energy Services Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a performance drop of 5.00% in a single day, contrasting sharply with the Sensex's modest gain of 0.17%. Over the past week, EKI Energy has lost 22.57%, while the Sensex has risen by 1.88%.
The stock's performance over the last month reveals a staggering decline of 52.64%, compared to the Sensex's decrease of only 3.69%. This trend continues over longer periods, with EKI Energy down 64.59% over three months and 69.36% year-on-year, while the Sensex has remained relatively stable with a 0.46% increase.

Today, EKI Energy hit a new 52-week and all-time low of Rs. 117.85, reflecting a 5% loss from the previous close. The stock has been on a downward trajectory for the last 10 consecutive days, accumulating a total decline of 42.46% during this period. It opened gap down at Rs. 117.85 and has traded at this price throughout the day, significantly underperforming its sector by 5.27%. Additionally, EKI Energy is trading below all key moving averages, indicating a persistent bearish trend.