Manomay Tex India Faces Intense Selling Pressure Amid Significant Price Declines

Manomay Tex India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 2.86% in just one day, contrasting sharply with the Sensex's minor drop of 0.14%. Over the past week, Manomay Tex India has lost 8.19%, while the Sensex gained 3.26%. This trend continues over a month, with the stock down 2.46% compared to the Sensex's 4.43% increase.
In the three-month period, Manomay Tex India has seen a substantial decline of 25.65%, while the Sensex has only dipped by 0.72%. Year-to-date, the stock is down 26.40%, against a slight decrease of 0.30% for the Sensex. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Potential contributing factors to this selling pressure may include broader market conditions, sector-specific challenges, or company-specific issues, although specific details were not provided. The performance metrics highlight a stark contrast between Manomay Tex India and the overall market, underscoring the stock's current struggles.