Empower India Ltd Faces Selling Pressure with 4.90% Decline Amid Six-Day Loss Streak

Empower India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a 4.90% drop in its stock price, contrasting sharply with the Sensex's modest gain of 0.06%. This marks the sixth consecutive day of losses for Empower India, during which the stock has plummeted by 25.67%.
Over the past week, Empower India has seen a staggering 17.80% decline, while the Sensex has risen by 1.11%. Despite a strong performance over the past month, where the stock surged by 55.20%, its recent trajectory has been concerning. Year-to-date, Empower India has underperformed the Sensex, with a decline of 3.00% compared to the index's gain of 3.99%.

The stock's performance relative to its moving averages indicates that while it remains above the 20, 50, 100, and 200-day moving averages, it is currently below the 5-day moving average, suggesting a short-term bearish trend. The selling pressure may be attributed to various factors, including market sentiment and potential profit-taking after its previous gains.