Laffans Petrochemicals Faces Intense Selling Pressure Amid Significant Price Declines

Laffans Petrochemicals Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price down by 4.98% in just one day, significantly underperforming the Sensex, which fell by only 0.45%. Over the past week, Laffans has lost 10.52%, compared to the Sensex's 2.13% decline. The stock has now recorded 21 consecutive days of losses, resulting in a staggering 36.39% drop during this period. Year-to-date, Laffans Petrochemicals has seen a decline of 43.40%, while the Sensex has only decreased by 6.75%. The stock recently hit a new 52-week low of Rs. 31.13, reflecting a broader trend of underperformance, with a 1-month decline of 33.79% and a 3-month decline of 53.11%. Contributing factors to this selling pressure may include unfavorable market conditions and the stock's consistent underperformance relative to both its sector and the broader market. Laffans Petrochemicals is currently trading below all key moving averages, indicating a persistent downward trend.