Mahalaxmi Fabric Mills Faces Intense Selling Pressure Amid Consecutive Losses

Mahalaxmi Fabric Mills Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past six days, resulting in a total decline of 11.19%. Today, the stock fell by 1.98%, underperforming the Sensex, which decreased by only 0.12%.
In the past week, Mahalaxmi Fabric Mills has seen a substantial drop of 9.54%, while the Sensex has declined by just 1.02%. Over the last month, the stock managed a slight gain of 3.06, contrasting with the Sensex's loss of 3.21%. However, the longer-term performance reveals a troubling trend, with the stock down 38% year-to-date compared to the Sensex's gain of 4.13%.

The stock's performance relative to key moving averages indicates that it is currently above the 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages. This trend, combined with the ongoing selling pressure, suggests a challenging environment for Mahalaxmi Fabric Mills in the garments and apparel sector.