Promact Impex Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance
Promact Impex Ltd is experiencing notable selling pressure, with the stock declining over the past three days and underperforming the Sensex. The company has faced a significant drop over the past year and is trading below key moving averages, reflecting ongoing challenges in the market.
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, with a total decline of 6.38%. Today, the stock fell by 4.97%, underperforming the Sensex, which gained 0.45%. In the past week, Promact Impex has seen a decrease of 1.74%, while the Sensex rose by 1.46%. Over the last month, the stock has declined by 0.83%, compared to a 3.91% increase in the Sensex. The longer-term performance also reflects a troubling trend, with a 26.84% drop over the past year against the Sensex's 7.65% gain. Year-to-date, Promact Impex is down 19.17%, while the Sensex has risen by 5.66%.
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 underperformance relative to the sector, which is down by 5.51%, further highlights the challenges facing Promact Impex in the current market environment.
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