Keerthi Industries Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

Keerthi Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, with a total decline of 10.23% during this period. Today, the stock fell by 4.99%, contrasting sharply with the Sensex, which posted a modest gain of 0.08%. Over the past week, Keerthi Industries has declined by 4.34%, while the Sensex rose by 1.98%. The stock's performance has been consistently underwhelming, with a one-month drop of 9.61% compared to the Sensex's increase of 2.73%. Year-to-date, Keerthi Industries has lost 20.65%, significantly underperforming the Sensex, which has gained 7.09%. The price summary indicates that the stock opened with a gain of 4.07% but quickly reversed course, hitting an intraday low of Rs 70, down 4.76%. Additionally, Keerthi Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing bearish trend. Factors contributing to this selling pressure may include broader market dynamics and company-specific challenges within the cement industry.