Fine Line Circuits Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance

Fine Line Circuits Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling 4.49% in just one day and a total of 9.31% over the past week. This performance starkly contrasts with the Sensex, which has only declined by 0.85% today and 0.10% over the past week.
In the last two days alone, Fine Line Circuits has lost 9.26%, indicating a troubling trend for investors. The stock is now just 3.98% away from its 52-week low of Rs 76.67, further highlighting its current struggles. Today, it opened with a gap down, starting at Rs 79.85 and reaching an intraday low of the same price, with no significant trading range observed throughout the day.

The stock's performance over the last three months shows a decline of 26.06%, while the Sensex has gained 6.25% in the same period. Additionally, Fine Line Circuits has underperformed its sector by 4.92% today. The stock's moving averages indicate it is currently above the 200-day average but below the 5-day, 20-day, 50-day, and 100-day averages, suggesting a bearish trend.