Fine Line Circuits Faces Intense Selling Pressure Amid Significant Price 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 a 5.00% drop in its stock price, contrasting sharply with the Sensex's modest gain of 0.23%. This marks the third consecutive day of losses for Fine Line Circuits, accumulating a total decline of 11.49% over this period.
In terms of broader performance, Fine Line Circuits has underperformed the Sensex across various time frames. Over the past week, the stock has decreased by 2.42%, while the Sensex fell by only 0.31%. The one-month performance shows a stark decline of 14.10% for Fine Line Circuits compared to a 0.59% increase in the Sensex. Over three months, the stock has plummeted by 36.49%, while the Sensex has risen by 2.82%.

The stock opened today at Rs 68.59, reflecting a gap down of 5%, and reached an intraday low of Rs 68.59. Additionally, Fine Line Circuits is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively highlight the challenges facing Fine Line Circuits in the current market environment.