Maruti Securities Faces Significant Selling Pressure with 2.10% Decline Amid Broader Market Gains

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 three days, resulting in a total loss of 13.25%. Today, the stock fell by 2.10%, while the benchmark Sensex gained 0.31%, highlighting a stark underperformance.
In the past week, Maruti Securities has dropped 13.48%, and over the last month, it has seen a decline of 17.75%. This trend contrasts sharply with its performance over the past three months, where it had a notable increase of 36.48%, while the Sensex remained relatively flat at -0.35%. However, the longer-term view shows that the stock has not moved in the past year, aligning with the Sensex's modest gain of 0.56%.

The stock's price summary indicates it has underperformed its sector by 5.16% today, with an intraday low of Rs 51.55, reflecting a drop of 4.94%. Additionally, while the stock remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a shift in market sentiment.