Ind-Agiv Commerce Faces Intense Selling Pressure Amid Consecutive Losses

Ind-Agiv Commerce Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling by 4.95% in today's trading session alone. Over the past week, it has declined by 9.39%, and in the last two days, it has recorded a total drop of 9.71%.
In comparison to the Sensex, which has shown a modest gain of 0.10% today, Ind-Agiv Commerce's performance is notably poor. Over the past month, the stock has decreased by 11.95%, while the Sensex has risen by 10.37%. This trend continues over a three-month period, where Ind-Agiv Commerce has plummeted by 38.08%, contrasting sharply with the Sensex's 3.67% increase.

The stock opened today at Rs 92.1, marking a gap down from previous levels, and reached an intraday low of the same price. Despite being above the 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages. The erratic trading pattern, with the stock not trading on three days out of the last 20, may also contribute to the current selling pressure.