Last Mile Enterprises Faces Intense Selling Pressure Amid Significant Price Declines

Last Mile Enterprises Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a 4.90% drop in its share price, contrasting sharply with the Sensex, which has gained 0.19% on the same day. This marks the third consecutive day of losses for Last Mile Enterprises, accumulating a total decline of 13.9% over this period.
In the past week, the stock has fallen by 10.44%, while the Sensex has risen by 1.42%. Over the past month, Last Mile Enterprises has decreased by 3.04%, compared to a 3.78% increase in the Sensex. The longer-term performance is even more concerning, with a staggering 74.03% decline over the past year, while the Sensex has gained 6.08%.

The stock opened with a gap down today at Rs 22.3 and reached an intraday low of the same price, indicating a lack of upward momentum. Additionally, Last Mile Enterprises is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing bearish trend. The stock's performance has underperformed its sector by 5.18%, contributing to the ongoing selling pressure.