SEL Manufacturing Faces Significant Selling Pressure with 4.99% Decline Amidst Cumulative Losses

SEL Manufacturing Company Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.99% in its one-day performance. This stark contrast is evident when compared to the Sensex, which has gained 0.35% during the same period. Over the past week, SEL Manufacturing has seen a decline of 8.91%, while the Sensex has risen by 1.75%. The stock's performance over the last month remains positive at 11.63%, but this is overshadowed by a year-to-date loss of 26.63%, compared to the Sensex's gain of 8.48%. The longer-term view reveals a staggering 94.47% drop over three years, while the Sensex has increased by 37.17%. Today's trading session opened with a gap down of 3.39%, and the stock reached an intraday low of Rs 33.11. Despite being above the 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages. The underperformance of SEL Manufacturing against its sector by 5.74% further highlights the current challenges faced by the company.