Hipolin Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Hipolin Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a consecutive decline, with a 2.00% drop in its performance today, underperforming the Sensex, which fell by only 0.28%. Over the past week, Hipolin has also seen a 2.00% decrease, contrasting with a slight gain of 0.35% in the Sensex.
In terms of longer-term performance, Hipolin has struggled, with a notable 20.79% decline over the past three months and a staggering 27.01% drop over the past year. Year-to-date, the stock is down 32.29%, while the Sensex has gained 3.11%. Despite a strong performance of 481.13% over the past five years, recent trends indicate a stark contrast, with the stock's performance deteriorating significantly compared to the broader market.

Today's trading session opened with a gap down of 2%, and the stock reached an intraday low of Rs 107.8. Notably, Hipolin has exhibited erratic trading patterns, having not traded on four days out of the last 20. The stock is currently trading below its 5-day, 100-day, and 200-day moving averages, although it remains above the 20-day and 50-day averages. These factors contribute to the ongoing selling pressure observed in Hipolin Ltd.