NB Footwear Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance

NB Footwear Ltd. is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past four days, resulting in a substantial decline of 18.47% during this period. In contrast, the Sensex has shown a marginal decline of just 0.11% over the same timeframe. On a daily basis, NB Footwear's performance has dipped by 4.97%, significantly underperforming the Sensex, which gained 0.67%. Over the past week, the stock has lost 18.47%, while the Sensex remained relatively stable. The one-month performance also reflects a decline of 17.59% for NB Footwear, compared to a 0.92% increase in the Sensex. The stock's erratic trading pattern is notable, as it did not trade on two out of the last 20 days. Additionally, NB Footwear is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. These factors contribute to the ongoing selling pressure, highlighting the challenges faced by the microcap company in the diversified consumer products industry.