Selling Pressure Mounts on Popular Estate Management Amid Significant Price Declines

Feb 20 2025 10:35 AM IST
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Popular Estate Management Ltd is experiencing significant selling pressure, with a notable decline in its stock performance. Despite a positive monthly gain, the stock has faced consecutive losses and is trading below key moving averages, indicating a bearish trend and underperformance compared to its sector and the Sensex.
Popular Estate Management Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a notable decline of 4.93% in its performance for the day, starkly contrasting with the Sensex, which has only dipped by 0.32%. This marks a continuation of a troubling trend, as the stock has now experienced consecutive days of losses, with a weekly decline of 16.67% compared to the Sensex's modest drop of 0.58%.

Over the past month, Popular Estate Management has shown a positive performance of 9.71%, but this is overshadowed by its three-month performance, which has seen a decrease of 10.14%. Year-to-date, the stock has managed to gain 11.68%, outperforming the Sensex, which is down 3.12%. However, the longer-term view reveals a 10-year performance of 97.82%, significantly lagging behind the Sensex's impressive 158.97%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The day's low was recorded at Rs 21.8, reflecting the ongoing selling pressure and underperformance against its sector by 5.48%.
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