International Data Management Ltd Faces Intense Selling Pressure Amidst Ongoing Losses

International Data Management Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a loss of 4.99%, contrasting sharply with the Sensex, which has gained 0.48% on the same day. This marks a continuation of a downward trend, as the stock has experienced consecutive days of losses. Over the past week, International Data Management Ltd has performed positively with a gain of 4.72%, while the Sensex has declined by 1.77%. However, the recent selling pressure raises concerns, especially given that the stock opened with a gap down of 4.99% today and reached an intraday low of Rs 38.64. Despite the current downturn, the stock has shown strong performance over longer periods, with a remarkable 308.89% increase over the past three years and a 513.33% rise over the last five years, significantly outperforming the Sensex during these timeframes. Factors contributing to the selling pressure may include market volatility and investor sentiment, as the stock has not traded on one day out of the last 20 days, indicating erratic trading behavior. Overall, the stock's performance today starkly contrasts with its historical gains and the broader market trends.