Promact Impex Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Promact Impex Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a decline of 11.38% during this period. In stark contrast, the benchmark Sensex has shown a modest gain of 0.62% over the same timeframe.
On a daily basis, Promact Impex's performance has dropped by 10.00%, while the Sensex has increased by 0.12%. Over the past week, the stock has underperformed its sector by 11.05%. The stock's performance has been consistently negative, with a year-to-date decline of 17.13%, compared to the Sensex's gain of 3.33%.

The stock has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock touched an intraday low of Rs 10.98, reflecting the ongoing selling pressure. Factors contributing to this trend may include market sentiment and company-specific challenges, leading to a lack of buying interest in Promact Impex Ltd.