Kemistar Corporation Ltd Faces Significant Selling Pressure with 4.96% Decline Amid Ongoing Losses

Kemistar Corporation 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, resulting in a total decline of 5.71%. Today, the stock fell by 4.96%, underperforming the Sensex, which saw a slight increase of 0.06%.
In the past week, Kemistar's performance has also been negative, with a decline of 3.21%, compared to the Sensex's drop of 2.05%. However, the stock has shown resilience over longer periods, with a notable increase of 27.60% in the last month and a remarkable 148.72% rise over the past three years.

The price summary indicates that the stock reached an intraday high of Rs 104.95 but fell to a low of Rs 97.45 during the trading session. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, it remains below the 5-day moving average, suggesting a short-term weakness. The current selling pressure may be influenced by broader market trends or sector-specific challenges within the specialty chemicals industry.