Promax Power Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Promax Power Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive days of losses, reflecting a downward trend that has persisted over the past week. In the last day, Promax Power's performance declined by 4.46%, contrasting sharply with the Sensex, which saw a minimal increase of 0.04%. Over the past week, the stock has lost 5.51%, while the Sensex gained 0.26%.
The performance metrics reveal a troubling picture for Promax Power. Over the last month, the stock has dropped 6.01%, compared to the Sensex's 3.75% rise. More concerning is the year-to-date performance, where Promax Power has declined by 24.33%, against the Sensex's modest gain of 2.79%. The stock's three-month performance shows a significant drop of 16.75%, while the Sensex has increased by 4.64%.

Today's trading saw the stock open with a gap down of 4.58%, reaching an intraday high of Rs 33.5 and a low of Rs 30.6. Despite outperforming its sector by 4.93% today, the overall trend indicates a challenging environment for Promax Power, with its moving averages reflecting a bearish outlook in the longer term.