Pudumjee Paper Products Faces Intense Selling Pressure Amid Significant Price Declines
Pudumjee Paper Products Ltd is experiencing significant selling pressure, with a consecutive decline over the past 10 days resulting in an 18.43% loss. The stock has underperformed against the Sensex, trading below key moving averages and reflecting a challenging market environment. Year-to-date, it has dropped 43.57%.
Pudumjee Paper Products Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past 10 days, resulting in a total loss of 18.43%. Today, the stock fell by 1.99%, underperforming the Sensex, which decreased by only 0.11%. Over the past week, Pudumjee Paper Products has seen a decline of 7.70%, while the Sensex gained 0.38%. In the last month, the stock has managed a modest increase of 3.32%, but this is overshadowed by the Sensex's impressive 10.14% rise. The three-month performance reveals a stark contrast, with Pudumjee Paper down 21.59% compared to the Sensex's gain of 3.46%. Year-to-date, the stock has plummeted by 43.57%, while the Sensex has risen by 3.09%.
The stock opened at 101.15 and has remained at this price, trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. These trends indicate a challenging environment for Pudumjee Paper Products, contributing to the ongoing selling pressure.
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