Popees Cares Ltd Faces Heavy Selling Pressure, Stock Declines 4.94% to New 52-Week Low

Popees Cares Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.94% today, starkly contrasting with the Sensex, which has only dipped by 0.11%. This marks a continuation of a troubling trend, as Popees Cares has now experienced consecutive days of losses, with a weekly decline of 5.66% compared to the Sensex's 1.23% drop. Over the past month, Popees Cares has plummeted by 42.40%, while the Sensex has gained 1.93%. The stock's performance over the last three months reveals a staggering 70.57% decline, juxtaposed with the Sensex's modest increase of 3.51%. Year-to-date, Popees Cares has seen a decline of 91.28%, significantly underperforming the Sensex, which has risen by 6.69%. Today, the stock hit a new 52-week low of Rs. 12.51, reflecting its ongoing struggles. Additionally, Popees Cares is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The erratic trading pattern, with the stock not trading on one day out of the last 20, may also contribute to the heightened selling pressure observed.