Macfos Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

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 11.62%. Today, Macfos opened with a gap down of 5%, reaching an intraday low of Rs 780.35, and has since traded at this price without any range.
In terms of performance relative to the Sensex, Macfos has notably underperformed across various time frames. Over the last day, the stock fell by 5.00%, while the Sensex gained 0.32%. In the past week, Macfos declined by 3.30% compared to a modest 0.14% increase in the Sensex. The one-month performance shows a decrease of 2.88% for Macfos against a 2.56% rise in the Sensex. Over three months, the stock is down 4.72%, while the Sensex has appreciated by 8.14%. Year-to-date, Macfos has plummeted by 41.80%, contrasting sharply with the Sensex's gain of 4.23%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The ongoing selling pressure may be attributed to various market dynamics affecting investor sentiment in the e-retail sector.