Kesoram Industries Faces Intense Selling Pressure Amidst Staggering Price Declines

Kesoram Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a staggering decline of 95% in just one day. Over the past week, Kesoram Industries has dropped nearly 95% as well, while its performance over the last month reflects a similar trend, with a decrease of 95.34%.
In comparison to the Sensex, which has gained 0.42% today, Kesoram's performance starkly contrasts, highlighting its struggles within the market. The stock has consistently underperformed against the Sensex across various time frames, including a year-to-date decline of 95.29% compared to the Sensex's -4.47%.

Today, Kesoram Industries hit a new 52-week low of Rs. 10.25, following an opening gap down of 95%. The stock has not shown any range, trading consistently at this low price. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a prolonged period of weakness. Factors contributing to this selling pressure may include market sentiment and broader economic conditions affecting the cement industry.