Milestone Global Ltd Faces Intense Selling Pressure Amidst Ongoing Price Declines

Milestone Global Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with a 5.00% drop in its share price, contrasting sharply with the Sensex's modest gain of 0.32%. This marks a continuation of a troubling trend, as Milestone Global has now recorded losses for 13 consecutive days, resulting in a staggering 47.49% decline over this period.
In terms of broader performance, Milestone Global has underperformed the Sensex across various time frames. Over the past week, the stock has plummeted by 20.96%, while its monthly performance reveals a staggering 59.16% drop. Year-to-date, the stock has declined by 57.52%, significantly underperforming the Sensex, which has only dipped by 2.47%.

The stock recently hit a new 52-week low of Rs. 14.44 and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This persistent selling pressure may be attributed to various factors, including market sentiment and sector-specific challenges within the mining and minerals industry.