Quess Corp Ltd. Faces Intense Selling Pressure Amidst Significant Price Declines
Quess Corp Ltd. is experiencing intense selling pressure, marked by consecutive losses and a significant decline over various timeframes. The stock has reached a new 52-week low and is trading below multiple moving averages, reflecting a persistent downward trend amid broader sector challenges.
Quess Corp Ltd. is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a staggering decline of 51.14% in just one day. Over the past week, Quess Corp has dropped 53.71%, and its performance over the last month reflects a similar trend, with a decrease of 51.67%. In stark contrast, the Sensex has shown resilience, gaining 2.11% today and 3.38% over the past week. Quess Corp's year-to-date performance is particularly concerning, down 55.24%, while the Sensex has only declined by 1.79% during the same period. The stock has hit a new 52-week low of Rs. 295.8 today, opening with a significant gap down and trading at this price throughout the day.
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. The broader miscellaneous sector has also faced challenges, falling by 3.93%. These factors collectively contribute to the heightened selling pressure observed in Quess Corp Ltd.
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