Shree Krishna Paper Mills Faces Intense Selling Pressure Amid Ongoing Losses
Shree Krishna Paper Mills & Industries Ltd is experiencing notable selling pressure, with today's trading session dominated by sellers. The stock has faced consecutive losses, although it has shown modest gains over the past week and month. Its year-to-date performance remains strong compared to the Sensex, despite recent volatility.
Shree Krishna Paper Mills & Industries Ltd is currently facing significant selling pressure, with today's trading session showing only sellers. The stock has recorded a loss of 2.19%, underperforming the Sensex, which gained 0.61% on the same day. This marks a continuation of a downward trend, as the stock has experienced consecutive days of losses.Over the past week, Shree Krishna Paper Mills has shown a modest gain of 1.18%, but this is overshadowed by its recent performance relative to the Sensex. In the last month, the stock has increased by 3.38%, while the Sensex rose by 2.95%. However, the stock's year-to-date performance stands at 23.05%, significantly outperforming the Sensex's 1.99% gain.
The price summary indicates that the stock opened with a gap down of 2.19% today, reaching an intraday low of Rs 46.49. Notably, the stock has not traded on three days out of the last 20, reflecting erratic trading patterns. Despite the current selling pressure, Shree Krishna Paper Mills is still trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a complex market position.
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