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 days of losses, with a notable decline of 5.00% in its one-day performance, starkly contrasting with the Sensex, which has gained 0.16% during the same period. Over the past week, National General Industries has dropped 2.82%, while the Sensex has risen by 0.55%.
In the longer term, the stock's performance reveals a troubling trend, with a year-to-date decline of 5.00% compared to the Sensex's gain of 4.98%. Over the past year, National General Industries has lost 18.38%, while the Sensex has increased by 6.06%. The three-year performance is particularly concerning, with the stock down 82.44% against the Sensex's rise of 55.57%.

Today's trading saw the stock open with a gap down of 4.48%, reaching an intraday low of Rs 64. The stock has not traded on one day out of the last 20, indicating erratic trading patterns. Despite being above the 20-day, 50-day, and 100-day moving averages, it remains below the 5-day and 200-day moving averages, suggesting a complex market position for this microcap in the iron and steel products industry.