Maruti Securities Faces Selling Pressure with 4.99% Decline Amid Six-Day Loss Streak

Maruti Securities Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past six days, resulting in a total loss of 12.73% during this period. Today alone, Maruti Securities saw a drop of 4.99%, contrasting sharply with the Sensex, which gained 0.36%.
In terms of weekly performance, Maruti Securities has declined by 12.52%, while the Sensex has risen by 1.34%. Over the past month, the stock has fallen 10.14%, compared to a modest 1.19% increase in the Sensex. Despite a strong performance over the longer term, including a remarkable 766.27% increase over the past three years, the recent trend indicates a shift in market sentiment.

The stock's price summary reveals it has underperformed its sector by 5.24% today, with an intraday low of Rs 58.4, reflecting a 4.82% decrease. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, suggesting a potential shift in momentum.