Maharashtra Corporation Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Maharashtra Corporation Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, as the stock has declined by 3.92% over the past week and a staggering 25.76% over the last three months. In stark contrast, the Sensex has shown a modest decline of only 0.03% and an increase of 6.33% over the same three-month period.
The stock's performance has been notably poor over the past year, with a decline of 37.97%, while the Sensex has gained 5.91%. Year-to-date, Maharashtra Corporation Ltd has dropped 38.75%, compared to the Sensex's 4.65% increase. Over a three-year horizon, the stock has plummeted by 52.88%, while the Sensex has surged by 56.46%.

Despite a positive performance of 122.73% over the last five years, the recent trends indicate a troubling trajectory. The stock is currently underperforming its sector by 1.05%. Moving averages reveal that while it is above the 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages, further highlighting the ongoing selling pressure.