Relicab Cable Manufacturing Faces Intense Selling Pressure Amidst 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 three days, resulting in a total decline of 5.86%. Today, the stock fell by 2.00%, underperforming the Sensex, which decreased by only 0.23%.
In the past week, Relicab Cable Manufacturing has seen a 4.00% drop, contrasting sharply with the Sensex's gain of 0.41%. Over the last month, however, the stock has shown a positive performance of 25.85%, significantly outperforming the Sensex's 6.97% increase. Despite this, the longer-term outlook reveals a troubling trend, with a 20.96% decline over the past three months and a staggering 33.96% drop over the past year, while the Sensex has gained 9.09% in the same period.

The stock's performance today also indicates it is underperforming its sector by 1.57%. The intraday low reached Rs 66.7, and while it remains above the 20-day and 50-day moving averages, it is below the 5-day, 100-day, and 200-day moving averages. These trends suggest a challenging environment for Relicab Cable Manufacturing amidst ongoing selling activity.