Quasar India Ltd Faces Intense Selling Pressure Amid Significant Price Declines
Quasar India Ltd is experiencing significant selling pressure, with a 21-day consecutive decline resulting in a notable loss. The stock has underperformed compared to the Sensex over various time frames, trading below multiple moving averages, indicating ongoing challenges in the trading and distribution sector.
Quasar India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past 21 days, resulting in a substantial loss of 29.76% during this period. Today, Quasar India Ltd's stock price fell by 4.84%, starkly contrasting with the Sensex, which gained 0.99%.Over the past week, Quasar India has seen a decline of 13.24%, while the Sensex rose by 1.38%. The one-month performance reveals a staggering drop of 30.59% for Quasar India, compared to a modest 1.21% increase in the Sensex. Year-to-date, the stock has plummeted by 68.28%, while the Sensex has maintained a positive trajectory with a 5.85% gain.
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. This performance highlights the challenges Quasar India Ltd is facing in the trading and distribution sector, contributing to the ongoing selling pressure.
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