National General Industries Faces Intense Selling Pressure Amid Continued Price Declines

National General Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, which operates in the Iron & Steel Products sector, has recorded a notable decline of 5.00% in its stock price, contrasting sharply with the Sensex's modest gain of 0.31%. This marks a continuation of a troubling trend, as National General Industries has experienced consecutive days of losses, with a weekly decline of 9.13% compared to the Sensex's slight drop of 0.22%.
Over the past month, the stock has remained stagnant, while its performance over the last year reveals a staggering decline of 25.36%, significantly underperforming the Sensex, which has only decreased by 2.36%. Year-to-date, the stock is down 22.01%, while the Sensex has gained 3.16%.

The price summary indicates that the stock opened with a gap down of 5% today, reaching an intraday low of Rs 52.25. Notably, National General Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend. The erratic trading pattern, with the stock not trading on one day out of the last 20, may also contribute to the current selling pressure.