ITI Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

ITI Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 6.74%. Today alone, ITI Ltd's performance dipped by 5.00%, starkly contrasting with the Sensex, which fell by only 0.94%.
In terms of broader performance, ITI Ltd has struggled relative to the Sensex over various time frames. Over the past three months, the stock has plummeted by 23.38%, while the Sensex has gained 3.75%. Year-to-date, ITI Ltd has seen a decline of 31.69%, compared to a modest increase of 1.16% for the Sensex. Despite a strong performance over the longer term, with a 161.50% increase over three years, recent trends indicate a troubling downturn.

The stock's price summary reveals it has underperformed its sector by 1.55% today, with an intraday low of Rs 264.25. While it remains above its 20-day and 50-day moving averages, it is below the 5-day, 100-day, and 200-day moving averages. The telecommunication equipment sector itself has also faced challenges, declining by 3.82%. These factors collectively contribute to the ongoing selling pressure on ITI Ltd.