Hipolin Ltd Faces Heavy Selling Pressure with 49.75% Year-to-Date Loss Amid Market Gains

Hipolin Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, with a decline of 4.81% in today's trading session alone. Over the past two days, Hipolin has seen a total drop of 8.83%.
In comparison to the broader market, represented by the Sensex, Hipolin's performance has been notably poor. Over the last week, the stock has decreased by 1.23%, while the Sensex has gained 1.38%. The disparity continues over longer periods, with Hipolin down 5.88% in the last month compared to the Sensex's 0.88% increase. Year-to-date, Hipolin has plummeted by 49.75%, contrasting sharply with the Sensex's 8.38% rise.

The stock's price summary indicates it has underperformed its sector by 4.98%. It reached an intraday high of Rs 86.5 but fell to a low of Rs 80. Additionally, Hipolin is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend. These factors collectively contribute to the ongoing selling pressure on Hipolin Ltd.