Setco Automotive Faces Increased Selling Pressure Amid Consecutive Losses and Market Concerns

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 two days, with a total decline of 3.91%. Today, Setco Automotive's stock price fell by 1.97%, underperforming the Sensex, which gained 0.08%.
In terms of weekly performance, Setco Automotive has seen a modest increase of 0.48%, while the Sensex has dipped by 0.13%. Over the past month, Setco has outperformed the Sensex with a gain of 5.17% compared to the index's 1.17%. However, the stock's longer-term performance reveals a mixed picture; it has risen 74.47% over the past year, significantly outperforming the Sensex's 6.50% increase.

Despite these gains, the stock's performance over three years (32.29%) and five years (93.36%) lags behind the Sensex, which has risen by 46.03% and 138.77%, respectively. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, but below its 5-day moving average, indicating a potential shift in momentum. The selling pressure may be attributed to various market factors, including investor sentiment and broader economic conditions affecting the auto components sector.