Popular Estate Management Ltd Faces Selling Pressure with 4.97% Decline Amid Ongoing Losses

Popular Estate Management Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling by 4.97% in today's trading session, which marks a total decline of 9.71% over the last two days. This performance starkly contrasts with the Sensex, which has only dipped by 0.10% today. In terms of broader performance metrics, Popular Estate Management has struggled relative to the Sensex over various time frames. Over the past year, the stock has declined by 9.87%, while the Sensex has gained 9.73%. Additionally, the stock's three-year and five-year performances are stagnant at 0.00%, compared to the Sensex's impressive gains of 37.62% and 92.08%, respectively. Today's trading saw the stock open at Rs 20.83, reflecting a gap down from the previous close, and it has since remained at this price, reaching an intraday low of Rs 20.83. The stock's performance today underperformed its sector by 4.19%. The selling pressure may be attributed to various factors, including market sentiment and broader economic conditions affecting the construction industry.