Relicab Cable Manufacturing Faces Intense Selling Pressure Amid Significant Price Declines

Relicab Cable Manufacturing Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past nine days, resulting in a total loss of 14.91% during this period. Today's performance reflects a decrease of 1.99%, contrasting sharply with the Sensex, which remained unchanged at 0.00%.
Over the past week, Relicab Cable Manufacturing has seen a decline of 9.57%, while the Sensex fell by only 0.98%. In the last month, the stock has dropped 4.04%, compared to a 2.76% increase in the Sensex. Year-to-date, the stock is down 11.89%, while the Sensex has gained 6.52%.

Despite a strong performance over the longer term, with a 141.82% increase over three years and 245.91% over five years, the recent trend indicates a troubling shift. The stock opened at 80.84 and has remained at this price, underperforming its sector by 2.46%. Additionally, while it is trading above the 50-day and 100-day moving averages, it is below the 5-day, 20-day, and 200-day moving averages, suggesting a potential shift in market sentiment.