Longview Tea Company Faces Intense Selling Pressure Amid Significant Price Declines

Longview Tea Company Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses, falling 4.49% today alone, which adds to a two-day decline of 8.96%. This performance starkly contrasts with the Sensex, which has only decreased by 0.74% today.
Over the past week, Longview Tea has seen a notable decline of 10.64%, while the Sensex has gained 0.37%. The one-month performance also reflects a downward trend for Longview Tea, with a loss of 7.38% compared to a 3.69% increase in the Sensex. Year-to-date, the stock has plummeted 35.43%, significantly underperforming the Sensex's 4.24% gain.

The stock opened with a gap down of 2.69% and reached an intraday low of Rs 32, marking a 4.19% drop. Additionally, Longview Tea is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. These factors collectively contribute to the ongoing selling pressure observed in the stock.