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 two days, with a decline of 2.59% during this period. Today, the stock is down by 2.00%, underperforming the Sensex, which has decreased by only 0.29%.
In the past week, Relicab Cable Manufacturing has seen a total decline of 2.64%, contrasting sharply with the Sensex's gain of 3.57%. Over the last month, however, the stock has managed to post a positive return of 11.26%, outperforming the Sensex's 6.81% increase. Despite this, the longer-term performance reveals a troubling trend, with the stock down 31.64% over the past year compared to the Sensex's 11.71% rise.

The stock's price summary indicates it has touched an intraday low of Rs 68.7 today. While it remains above its 20-day and 50-day moving averages, it is currently below its 5-day, 100-day, and 200-day moving averages. This performance suggests a challenging environment for Relicab Cable Manufacturing, with potential contributing factors to the selling pressure warranting further investigation.