Quasar India Ltd Faces Intense Selling Pressure Amidst Continued Price Declines

Quasar India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the Trading & Distributors sector, has experienced a notable decline, marking its 21st consecutive day of losses. Over this period, Quasar India has fallen by 34.57%, reflecting a stark contrast to the broader market.
In terms of daily performance, Quasar India Ltd is down 3.64%, while the Sensex has only dipped by 0.09%. The disparity is even more pronounced over the past week, with Quasar India losing 18.46% compared to a 1.54% gain in the Sensex. Over the last month, the stock has plummeted by 36.14%, while the Sensex has risen by 2.61%.

Further analysis reveals that Quasar India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Year-to-date, the stock has declined by 71.51%, contrasting sharply with the Sensex's 7.09% increase. The microcap stock's performance over the last decade has been particularly troubling, with a staggering 97.44% drop compared to the Sensex's impressive 200.88% rise.