Gujarat Cotex Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Gujarat Cotex Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive days of losses, with a notable decline of 11.72% in just one day, compared to the Sensex's drop of 3.66%. Over the past week, Gujarat Cotex has lost 12.89%, while the Sensex fell by 6.21%. The stock's performance over the last month reflects a 15.92% decrease, significantly underperforming the Sensex, which declined by only 2.32%.
In the past three months, Gujarat Cotex has seen a staggering 35% drop, while the Sensex has decreased by 7.15%. Despite a remarkable one-year performance of 205.68%, the year-to-date figures show a decline of 31.14%, contrasting sharply with the Sensex's 7.08% decrease.

The stock opened with a loss of 2.84% today and reached an intraday low of Rs 11.83, reflecting a broader trend of underperformance. Additionally, Gujarat Cotex is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The trading sector itself has also seen a decline of 11.36%, contributing to the overall selling pressure on Gujarat Cotex.