Pan Electronics Faces Intense Selling Pressure Amid Significant Price Declines

Pan Electronics (India) 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 4.99% in just one day, contrasting sharply with the Sensex's minor drop of 0.30%. Over the past week, Pan Electronics has plummeted by 11.26%, while the Sensex has gained 0.84%.
In the last month, the stock has seen a staggering decline of 33.17%, compared to a 2.55% increase in the Sensex. This trend continues over longer periods, with a 32.39% drop in the last three months against the Sensex's 8.92% rise, and a 23.53% decrease over the past year, while the Sensex has increased by 5.05%.

The stock's performance today underperformed its sector by 4.49%, reaching an intraday low of Rs 47.03. Additionally, Pan Electronics is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The combination of these factors highlights the ongoing challenges faced by the company in the current market environment.