Shri Jagdamba Polymers Faces Intense Selling Pressure Amid Significant Price Declines

Shri Jagdamba Polymers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a total loss of 7.42% during this period. Today alone, the stock has dropped by 6.23%, contrasting sharply with the Sensex, which has gained 0.48%.
In terms of weekly performance, Shri Jagdamba Polymers has declined by 7.22%, while the Sensex has only decreased by 1.77%. Over the past month, the stock has lost 12.12%, compared to a minor decline of 0.51% in the Sensex. The three-month performance shows a 13.55% drop for Shri Jagdamba Polymers, against a 1.55% decrease in the Sensex.

Despite a strong long-term performance, including a remarkable 327.55% increase over five years, the recent trend indicates a shift in market sentiment. The stock's intraday low today was Rs 897.6, reflecting a 6.48% decrease. Notably, while the packaging sector has gained 2.16%, Shri Jagdamba Polymers has underperformed its sector by 7.87%. The stock's moving averages indicate it is currently below the 5-day, 20-day, 50-day, and 100-day averages, although it remains above the 200-day average.