NB Footwear Ltd. Faces Intense Selling Pressure Amid Ongoing Losses

May 13 2025 10:50 AM IST
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NB Footwear Ltd. is experiencing notable selling pressure, continuing a trend of losses. The stock has shown mixed performance against the Sensex, with recent gains overshadowed by a significant decline over the past three months. Its erratic trading pattern may be influencing current market sentiment.
NB Footwear Ltd. is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, highlighting a challenging period for the microcap company in the leather industry.

In terms of performance, NB Footwear has shown mixed results relative to the Sensex. Over the past day, the stock has declined by 0.34%, while the Sensex has experienced a larger drop of 1.00%. However, over the past week, NB Footwear has managed to gain 0.34%, contrasting with the Sensex's 1.20% increase. Notably, the stock has performed well over the past month, up 18.59%, compared to the Sensex's 8.58% rise.

Despite these short-term gains, the stock has faced a decline of 12.99% over the last three months, while the Sensex has increased by 7.18%. Year-to-date, NB Footwear is down 8.87%, against the Sensex's 4.44% gain. The stock's erratic trading pattern, with no activity on four out of the last 20 days, may be contributing to the current selling pressure. Additionally, while the stock is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, it remains below the 100-day moving average, indicating potential volatility in its performance.
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