Khaitan Chemicals Faces Intense Selling Pressure Amidst Recent Price Declines

Khaitan Chemicals & Fertilizers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past three days, resulting in a total loss of 5.88%. Today, it opened with a gap down of 2%, reaching an intraday low of Rs 97.07.
In terms of performance, Khaitan Chemicals has underperformed its sector by 0.84% today, while the broader Sensex has shown a slight gain of 0.03%. Over the past week, the stock has managed a positive return of 3.76%, contrasting with the Sensex's decline of 0.27%. However, the recent trend indicates a shift, as the stock has been losing momentum after a strong performance in the preceding months, including a remarkable 105.44% increase over the last three months.

Despite its recent struggles, Khaitan Chemicals & Fertilizers has demonstrated impressive long-term growth, with a staggering 682.82% increase over the past five years compared to the Sensex's 129.76%. The current selling pressure may be influenced by market sentiment and broader economic factors affecting the fertilizers industry.