Mehai Technology Ltd Faces Heavy Selling Pressure, Stock Declines 4.98% Amid Ongoing Losses

Mehai Technology 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 24.52% during this period. Today's performance reflects a drop of 4.98%, starkly contrasting with the Sensex, which has gained 0.53%.
Over the past week, Mehai Technology has seen a substantial decline of 18.37%, while the Sensex has remained relatively stable with a 0.35% increase. The stock's performance over the past month is particularly concerning, with a staggering loss of 40.48% compared to the Sensex's gain of 5.26%. Year-to-date, Mehai Technology has plummeted by 63.35%, while the Sensex has risen by 8.34%.

The stock is currently trading close to its 52-week low, just 4.2% away from Rs 5.662. Additionally, it is underperforming its sector by 5.43% and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. These trends indicate a challenging environment for Mehai Technology amidst ongoing selling activity.