Setco Automotive Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance

Setco Automotive 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 6.64%. Today, Setco Automotive's stock price fell by 1.99%, underperforming the Sensex, which gained 0.19%.
In terms of broader performance, Setco Automotive has shown mixed results relative to the Sensex. Over the past week, the stock rose by 2.82%, while the Sensex declined by 0.22%. However, over the past month, Setco has dropped by 3.95%, contrasting sharply with the Sensex's increase of 3.51%. The three-month performance reveals a decline of 6.84% for Setco, while the Sensex has risen by 9.54%.

Despite a year-to-date performance of -2.20%, which is below the Sensex's 6.95% gain, Setco Automotive has shown a notable annual increase of 28.05%. However, its long-term performance remains concerning, with a 10-year decline of 61.57% compared to the Sensex's impressive 197.48% growth.

The stock's current price summary indicates it is underperforming its sector by 3.21%. While it remains above its 20-day and 200-day moving averages, it is below the 5-day, 50-day, and 100-day moving averages, suggesting a potential shift in market sentiment.