Maruti Securities Faces Selling Pressure with 4.99% Daily Decline Amid Ongoing Losses

Maruti Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, with a decline of 4.99% in just one day, marking a total drop of 8.54% over the last two days. This performance starkly contrasts with the Sensex, which has only decreased by 0.05% today.
Over the past week, Maruti Securities has seen a substantial decline of 11.68%, while the Sensex has gained 0.44%. The stock's performance over the past month also reflects a downward trend, with a loss of 11.79% compared to a slight increase of 0.47% in the Sensex. Despite a strong performance over the last three months, where Maruti Securities gained 39.41%, the recent selling pressure raises concerns.

The stock's price summary indicates it has underperformed its sector by 4.48% today, with an intraday low of Rs 54.31. While the stock remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages, suggesting a shift in market sentiment.