Incon Engineers Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Incon Engineers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past three days, resulting in a total loss of 6.5% during this period. Today, Incon Engineers Ltd reported a performance drop of 4.94%, starkly contrasting with the Sensex's minor decline of just 0.10%.
Over the past week, the stock has underperformed, with a loss of 11.17%, while the Sensex has gained 0.53%. In the last month, Incon Engineers Ltd has seen a decline of 9.01%, compared to the Sensex's increase of 8.67%. Year-to-date, the stock is up 8.87%, but this is overshadowed by a 4.43% decline over the past year, while the Sensex has risen by 9.80%.

The stock's performance metrics indicate it is currently trading below its 5-day, 20-day, 100-day, and 200-day moving averages, although it remains above the 50-day moving average. The erratic trading pattern, with the stock not trading on one day out of the last 20, may also contribute to the current selling pressure.