Indo Thai Securities Faces Selling Pressure with 5% Decline Amid Five Consecutive Days of Losses

Indo Thai Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past five days, resulting in a total loss of 15.06%. Today, it opened with a gap down of 5%, reaching an intraday low of Rs 385.7.
In terms of performance, Indo Thai Securities has underperformed relative to the Sensex, which saw a slight increase of 0.05% today. Over the past week, the stock has dropped 14.45%, while the Sensex gained 0.77%. Despite a remarkable performance over the longer term, including a 278.14% increase over the past year, the recent trend indicates a shift in market sentiment.

Potential contributing factors to the selling pressure may include profit-taking after substantial gains in previous months, as the stock had surged 60.51% in the last month alone. Additionally, while the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average, indicating a short-term bearish trend.