Relicab Cable Manufacturing 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 five days, resulting in a decline of 7.77%. In contrast, the broader Sensex index has shown a positive performance of 2.29% during the same period.
On a daily basis, Relicab's stock has decreased by 1.99%, underperforming the Sensex, which fell by only 0.34%. Over the past month, however, the stock has managed a gain of 9.53%, while the Sensex has risen by 2.85%. Despite this recent uptick, the stock's year-to-date performance remains negative at -4.50%, compared to the Sensex's gain of 7.21%.

The price summary indicates that Relicab opened at 87.62 and has traded at this level without significant fluctuations. While the stock is currently above its 50-day and 100-day moving averages, it is below its 5-day, 20-day, and 200-day moving averages. This trend may indicate a shift in market sentiment, contributing to the ongoing selling pressure.