New Light Industries Faces Significant Selling Pressure, Stock Declines 4.73% Amid Ongoing Losses

New Light 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 4.73% in just one day, while the Sensex has gained 0.66% during the same period. Over the past week, New Light Industries has dropped 5.29%, contrasting sharply with the Sensex's modest increase of 0.48%.
In the longer term, the stock's performance reveals a troubling trend. Over the past three months, it has decreased by 16.58%, while the Sensex has risen by 4.06%. The one-year performance is particularly alarming, with New Light Industries down 83.23%, compared to the Sensex's gain of 6.76%. Year-to-date, the stock remains stagnant at 0.00%, while the Sensex has appreciated by 8.49%.

The price summary indicates that New Light Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing bearish sentiment. This sustained selling pressure may be attributed to various factors, including market conditions and company-specific challenges, contributing to its underperformance relative to the broader market.