Relicab Cable Manufacturing Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Relicab Cable Manufacturing Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past 10 days, resulting in a total decline of 15.33%. In terms of daily performance, Relicab's stock fell by 0.49%, underperforming the Sensex, which decreased by only 0.06%.
Over the past week, Relicab has seen a notable decline of 8.19%, while the Sensex has dropped just 0.27%. The stock's performance over the past month is also concerning, with a decrease of 4.52%, contrasting sharply with the Sensex's gain of 1.45%. Year-to-date, Relicab's stock is down 12.33%, compared to the Sensex's positive return of 6.71%.

Despite a strong performance over the longer term, with a 140.62% increase over three years and 244.20% over five years, the recent trend indicates a troubling shift. The stock is currently trading below its 5-day, 20-day, and 200-day moving averages, although it remains above the 50-day and 100-day averages. This combination of factors suggests a challenging environment for Relicab Cable Manufacturing Ltd amidst ongoing selling activity.