Kothari Products Faces Intense Selling Pressure Amid Notable Price Declines

Kothari Products Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 5.00%, sharply underperforming the Sensex, which fell by just 0.32%. This marks a continuation of a downward trend, as Kothari Products has recorded consecutive losses over the past few days, following two days of gains.
In the past week, Kothari Products has declined by 3.41%, while the Sensex has decreased by 0.58%. Over the past month, the stock is down 2.87%, compared to the Sensex's 1.78% decline. Year-to-date, Kothari Products has seen a drop of 12.68%, against the Sensex's 3.12% decrease. Despite a strong performance over the longer term, including a 77.06% increase over three years, the recent selling pressure raises concerns.

The stock touched an intraday low of Rs 86.45 today, reflecting a trend reversal after recent gains. While the stock remains above its 20-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 50-day moving averages, indicating a shift in market sentiment. The performance today has underperformed the sector by 5.2%, highlighting the prevailing selling trend.