Jattashankar Industries Faces Increased Selling Pressure Amid Recent Price Declines

Jattashankar Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced consecutive losses over the past two days, with a total decline of 3.33%. Today, the stock fell by 2.10%, underperforming the Sensex, which decreased by 0.62%.
In the past week, Jattashankar Industries has mirrored the Sensex's performance with a slight decline of 2.10%. However, its one-month performance remains strong at 8.88%, contrasting with the Sensex's drop of 0.75%. Over the past year, the stock has surged by an impressive 453.05%, while the Sensex has seen a modest decline of 1.84%.

Despite today's opening gain of 4.62%, the stock reached an intraday high of Rs 249 before falling to a low of Rs 231. The stock's performance is currently above its 20-day, 100-day, and 200-day moving averages, but below its 5-day and 50-day moving averages. The ongoing selling pressure may be influenced by market sentiment and broader economic factors affecting the garment industry.