Konark Synthetic Ltd Faces Selling Pressure with 4.97% Decline Amidst Significant Losses Over One Year

Konark Synthetic Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend is underscored by consecutive days of losses, as the stock has been on a downward trajectory recently. Over the past year, Konark Synthetic has declined by 34.41%, while the Sensex has only fallen by 3.69%, indicating a stark underperformance relative to the broader market.
Despite a brief uptick in performance over the last week and month, where it gained 0.69% and 0.63% respectively, the overall trend remains concerning. In the last three months, the stock has shown a notable increase of 25.57%, contrasting sharply with the Sensex's slight decline of 0.34%. However, the year-to-date performance of 4.64% is nearly in line with the Sensex's 4.66%.

The price summary reveals that Konark Synthetic opened with a gain of 4.97% today, reaching an intraday high of Rs 36.73. However, the stock has exhibited erratic trading patterns, having not traded on one day out of the last 20. Currently, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some resilience despite the selling pressure.