Infomedia Press Faces Intense Selling Pressure Amidst Recent Price Declines

Infomedia Press Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.75% today, contrasting sharply with the Sensex, which has gained 0.61%. This marks a continuation of a downward trend, as Infomedia Press has experienced losses for consecutive days, with a weekly performance down by 4.97% compared to the Sensex's decline of just 1.01%.
Despite a strong performance over the past month, where the stock rose by 37.81%, the recent selling activity raises questions about potential contributing factors. The stock has reached a new 52-week high of Rs. 9.76 today, yet it has shown erratic trading patterns, not trading on two occasions in the last 20 days.

In terms of moving averages, Infomedia Press is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position. Over the longer term, the stock has outperformed the Sensex, with a three-year performance of 97.65% compared to the Sensex's 58.49%. However, the current selling pressure suggests a shift in market sentiment that warrants close observation.