Sangal Papers Ltd Faces Selling Pressure with 4.98% Decline, Total Loss of 9.6% Over Two Days

Sangal Papers 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 total decline of 9.6%. Today, the stock opened with a notable loss of 4.98%, reaching an intraday low of Rs 205.2.
In terms of performance relative to the Sensex, Sangal Papers has underperformed across various time frames. Over the past day, the stock fell by 4.98%, while the Sensex saw a slight gain of 0.15%. Over the past week, Sangal Papers declined by 1.82%, compared to a 0.38% increase in the Sensex. Year-to-date, the stock is down 28.00%, contrasting sharply with the Sensex's gain of 8.18%.

The stock's performance metrics indicate it is currently trading below its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average. This trend suggests a challenging market position for Sangal Papers, contributing to the ongoing selling pressure.