Polycon International Ltd Faces Significant Selling Pressure with 31.39% Yearly Loss and 2% Decline Today

Polycon International Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the packaging industry, has experienced consecutive losses over the past two days, resulting in a total decline of 6.67%. Today, the stock fell by 2.00%, underperforming the Sensex, which decreased by only 0.19%.
In the past week, Polycon International has seen a decline of 6.71%, compared to the Sensex's drop of 2.30%. Over the last month, the stock has lost 5.49%, while the Sensex has gained 0.58%. This trend continues over longer periods, with a year-to-date performance of 0.00% against the Sensex's 2.73% gain, and a one-year decline of 31.39% compared to the Sensex's 6.19% drop.

The stock's performance has been erratic, with trading halted on three days out of the last 20. Additionally, Polycon International is 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 observed in the market.