S V Global Mill Faces Intense Selling Pressure Amid Ongoing Price Declines

S V Global Mill Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.98%, contrasting sharply with the Sensex's decline of just 1.02%. This marks a continuation of a downward trend, as S V Global Mill has recorded consecutive days of losses following a brief period of gains.
Over the past week, the stock has decreased by 0.67%, while the Sensex has remained relatively stable with a slight increase of 0.09%. In the last month, S V Global Mill has underperformed the Sensex, with a decline of 4.19% compared to the index's gain of 3.40%. Despite a strong performance over the longer term, including a 231.24% increase over three years, the recent selling pressure raises questions about market sentiment.

Today's trading saw the stock hit an intraday low of Rs 163.3, underperforming its sector by 3.34%. The stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position. Factors contributing to the selling pressure may include broader market trends and investor sentiment shifts.