National General Industries Faces Selling Pressure with 4.94% Decline, Total Loss of 10% Over Three Days

National General Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of approximately 10%. Today, the stock opened with a notable loss of 4.94%, reaching an intraday low of Rs 53.1.
In terms of performance, National General Industries has underperformed relative to the Sensex across various time frames. Over the past week, the stock has declined by 5.18%, while the Sensex has only dipped by 2.01%. The one-month performance shows a decrease of 2.80% for National General Industries compared to a slight gain of 0.81% for the Sensex. Year-to-date, the stock is down 20.75%, contrasting sharply with the Sensex's increase of 2.96%.

Several factors may be contributing to this selling pressure, including the stock's consistent underperformance against key moving averages, as it is currently trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This trend indicates a lack of buying momentum and investor confidence in the microcap iron and steel products sector.