Pudumjee Paper Products Faces Intense Selling Pressure Amid Significant Price Declines
Pudumjee Paper Products Ltd is experiencing significant selling pressure, with the stock declining for consecutive days after a previous gain streak. It has underperformed the Sensex, with notable drops over various time frames, and is trading below all key moving averages, reflecting broader sector challenges.
Pudumjee Paper Products Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 5.62%, underperforming the Sensex, which fell by 3.67%. This marks a concerning trend, as Pudumjee Paper has now recorded consecutive days of losses, reversing a five-day streak of gains.Over the past week, Pudumjee Paper Products has managed a slight increase of 0.67%, but this is overshadowed by its performance over the last month, where it has declined by 7.64%. The three-month performance is particularly alarming, with a drop of 45.99%, compared to the Sensex's decline of 7.16%. Year-to-date, the stock has plummeted by 45.38%, while the Sensex has decreased by 7.09%.
The stock opened at Rs 97.9 today, reaching an intraday low of the same price, and has not shown any range since. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The broader Paper & Paper Products sector has also seen a decline of 4.93%, contributing to the overall selling pressure faced by Pudumjee Paper Products.
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