Fratelli Vineyards Faces Intense Selling Pressure Amid Significant Price Declines

Fratelli Vineyards Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The beverage microcap has experienced a notable decline, with a 1.96% drop in its share price, contrasting sharply with the Sensex, which gained 1.16% on the same day. This marks the fifth consecutive day of losses for Fratelli Vineyards, during which it has fallen by 9.32%.
Over the past week, the stock has decreased by 5.87%, and its performance over the last month reveals a staggering 12.70% decline. Year-to-date, Fratelli Vineyards has plummeted by 61.09%, while the Sensex has risen by 4.34%. The stock hit a new 52-week low of Rs. 125.95 today, following an intraday high of Rs. 136.55. Despite opening with a gain of 3.02%, it quickly reversed course, reflecting a day’s low of Rs. 125.95.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. In contrast, the broader sector has shown resilience, gaining 2.45% today, further highlighting Fratelli Vineyards' struggles in the current market environment.