Pankaj Polymers Ltd Faces Intense Selling Pressure Amid Notable Price Declines

Jun 02 2025 01:25 PM IST
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Pankaj Polymers Ltd is experiencing significant selling pressure, with a notable decline in its stock price. Over the past week, it has lost 10.00%, contrasting sharply with the Sensex's minor decrease. Recent trading patterns and moving averages indicate a potential shift in market sentiment for the company.
Pankaj Polymers Ltd is currently facing significant selling pressure, with today's trading session showing only sellers and a notable decline of 4.98%. This performance starkly contrasts with the Sensex, which has only dipped by 0.15% today. Over the past week, Pankaj Polymers has experienced a cumulative loss of 10.00%, while the Sensex has decreased by just 1.03%.

The stock has now recorded consecutive losses for two days, resulting in a total decline of 6.29% during this period. Despite a strong performance over the past year, where it gained 77.15% compared to the Sensex's 9.96%, recent trends indicate a shift in market sentiment.

Factors contributing to the current selling pressure may include erratic trading patterns, as the stock did not trade on two occasions out of the last 20 days. Additionally, while the stock remains above its 100-day and 200-day moving averages, it is trading below its 5-day, 20-day, and 50-day moving averages, suggesting a potential shift in momentum. Overall, Pankaj Polymers Ltd's performance today highlights a challenging environment amid broader market conditions.
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