Shree Krishna Paper Mills Faces Intense Selling Pressure Amid Significant Price Declines

Shree Krishna Paper Mills & Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past five days, resulting in a substantial loss of 15.96%. In today's trading session, it opened with a gap down of 5%, reaching an intraday low of Rs 42.01, and has since remained at this price level.
In comparison to the broader market, Shree Krishna Paper Mills has underperformed relative to the Sensex, which has only seen a decline of 0.31% today. Over the past week, the stock's performance has been notably poor, with a 15.96% drop compared to the Sensex's modest 0.60% decrease.

The stock's performance over the last month also reflects a downward trend, with a 12.97% decline against the Sensex's slight gain of 0.68%. Furthermore, Shree Krishna Paper Mills is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish sentiment in the market. These factors collectively contribute to the ongoing selling pressure observed in the stock.