Macfos Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Declining Stock Performance

Macfos Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of 4.15% during this period. Today, Macfos Ltd's stock price fell by 2.00%, underperforming the Sensex, which decreased by 1.34%.
Over the past week, Macfos has seen a decline of 2.30%, while the Sensex has gained 0.23%. The stock's performance over the last month reflects a drop of 2.48%, contrasting with the Sensex's increase of 0.92%. More notably, in the last three months, Macfos has plummeted by 31.21%, while the Sensex has risen by 3.34%. Year-to-date, the stock has declined by 41.45%, compared to a modest gain of 0.76% for the Sensex.

The stock touched an intraday low of Rs 785 today, indicating a downward trend as it trades below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This persistent selling activity may be attributed to various factors, including market sentiment and broader economic conditions affecting the retail sector.