Kavveri Defence & Wireless Technologies Faces Selling Pressure with 1.99% Decline Today

Kavveri Defence & Wireless Technologies Ltd is currently facing significant selling pressure, with today’s trading session showing only sellers in the market. The stock has experienced a consecutive decline over the past three days, resulting in a total loss of 5.87%. Today, it has underperformed the sector by 1.77%, with a performance drop of 1.99%, while the Sensex has gained 0.17%.
In terms of broader performance metrics, Kavveri Defence has shown remarkable growth over the past year, with a staggering 138.97% increase compared to the Sensex's 9.19%. However, the recent trend indicates a downturn, particularly over the last month, where the stock has declined by 14.18%, contrasting sharply with the Sensex's modest gain of 0.90%.

The stock opened at 106.2 and has remained at this price, indicating a lack of upward movement amid high volatility, with an intraday volatility rate of 22,495.74%. While the stock's moving averages suggest it is performing better than the 5-day, 100-day, and 200-day averages, it remains below the 20-day and 50-day averages, highlighting the current selling pressure and market dynamics.