Fine Line Circuits Faces Intense Selling Pressure Amid Significant Stock Declines

Fine Line Circuits Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price down 5.00% in just one day, compared to a minor drop of 0.21% in the Sensex. Over the past week, Fine Line Circuits has lost 22.61%, while the Sensex has gained 0.15%. This trend continues over a month, with the stock down 46.30% against a 1.32% rise in the Sensex.
The stock has now fallen for six consecutive days, resulting in a total decline of 26.68% during this period. Today, Fine Line Circuits hit a new 52-week low of Rs. 55.1, opening with a gap down of 5%. The stock has consistently underperformed its sector, with a performance lag of 5.06% today alone. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.

These factors collectively contribute to the ongoing selling pressure, reflecting a challenging environment for Fine Line Circuits in the IT hardware sector.