Khaitan Chemicals Faces Intense Selling Pressure Amid Recent Price Declines

Khaitan Chemicals & Fertilizers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past two days, with a total decline of 3.96%. Today, it opened with a gap down of 2%, reaching an intraday low of Rs 99.05. In terms of performance, Khaitan Chemicals has underperformed relative to the Sensex, which saw a minimal decline of just 0.04% today. Over the past week, however, the stock has shown resilience with a gain of 7.17%, contrasting with the Sensex's slight drop of 0.25%. Despite the recent selling pressure, Khaitan Chemicals has demonstrated strong performance metrics over longer periods. The stock has gained 110.30% over the last three months and 38.28% year-to-date, significantly outperforming the Sensex, which has risen only 6.73% in the same timeframe. The stock remains close to its 52-week high, just 4.12% away from Rs 103.13, and continues to trade above its key moving averages, indicating a complex market position amidst the current selling trend.