Kerala Ayurveda Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Kerala Ayurveda 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 7.86%. Today alone, the stock fell by 4.99%, underperforming the Sensex, which gained 0.43%.
In the past week, Kerala Ayurveda has seen a decline of 6.42%, while the Sensex remained relatively stable with a slight decrease of 0.09%. Over the past month, the stock has dropped 14.04%, contrasting with the Sensex's modest gain of 0.14%. Despite a strong performance over the longer term, including a remarkable 511.78% increase over three years, the recent trend indicates a shift in market sentiment.

The stock's price summary reveals that it touched an intraday low of Rs 450, down 4.85%. While it remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages. This trend suggests a potential shift in investor confidence, contributing to the ongoing selling pressure in the microcap pharmaceuticals and biotechnology sector.