Setco Automotive Faces Intense Selling Pressure Amid Consecutive Losses and Market Decline

Setco Automotive Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses over the past two days, resulting in a decline of 2.91%. Today, Setco Automotive's performance dipped by 1.69%, underperforming the Sensex, which fell by 1.22%.
Over the past month, Setco Automotive has seen a notable decline of 13.59%, contrasting sharply with the Sensex's modest gain of 1.04%. While the stock has shown some resilience over the longer term, with a 47.30% increase over the past year compared to the Sensex's 6.03%, its year-to-date performance is down by 3.59%, while the Sensex has gained 0.88%.

The stock's current price action is also reflected in its moving averages, which indicate it is above the 5-day, 100-day, and 200-day averages but below the 20-day and 50-day averages. The broader Auto Ancillary sector has also faced challenges, declining by 2.12%. These factors contribute to the ongoing selling pressure observed in Setco Automotive Ltd.