Praxis Home Retail Faces Selling Pressure with 33.08% Year-to-Date Loss and 48.77% Annual Decline

Praxis Home Retail Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced consecutive losses, falling 1.92% in just one day, and has recorded a total decline of 3.85% over the last two days. This trend is particularly concerning given its performance relative to the Sensex, which has only decreased by 0.27% today.
Over the past week, Praxis Home Retail has underperformed the Sensex, with a loss of 2.23% compared to the index's 1.83% decline. The stock's performance over the past month is even more alarming, down 11.30% against the Sensex's marginal drop of 0.17%. Year-to-date, the stock has plummeted by 33.08%, while the Sensex has gained 4.29%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Contributing factors to this selling pressure may include broader market conditions and company-specific challenges, which have led to a staggering 48.77% decline over the past year.