National General Industries Faces Intense Selling Pressure Amid Significant Price Declines

National General Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, with a decline of 4.92% in just one day, marking a total drop of 9.67% over the last two days. This performance starkly contrasts with the Sensex, which has gained 0.71% today and 1.46% over the past week.
In terms of longer-term performance, National General Industries has struggled, with a year-to-date decline of 9.67% compared to the Sensex's 5.75% gain. Over the past year, the stock has plummeted by 22.39%, while the Sensex has risen by 5.87%. The three-year performance is particularly concerning, with a staggering drop of 83.31% against the Sensex's 56.72% increase.

Today's trading saw the stock reach an intraday low of Rs 60.52, underperforming its sector by 5.7%. While the stock remains above its 20-day, 50-day, and 100-day moving averages, it is currently below its 5-day and 200-day moving averages, indicating a potential shift in market sentiment. The ongoing selling pressure may be attributed to various factors, including market conditions and investor sentiment, but specific reasons remain unclear.