Simplex Papers Faces Intense Selling Pressure Amid Significant Price Declines

Simplex Papers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 2.41% in today’s trading session. This performance starkly contrasts with the Sensex, which has gained 2.77% on the same day. Over the past week, Simplex Papers has dropped 7.16%, while the Sensex has risen by 1.06%.
In the last month, the stock has declined by 7.32%, compared to an 8.64% increase in the Sensex. The three-month performance reveals a substantial drop of 24.52% for Simplex Papers, against a 7.20% rise in the Sensex. Year-to-date, the stock is down 17.19%, while the Sensex has gained 4.50%.

The price summary indicates that Simplex Papers opened with a gap down at Rs 1900 and has not traded outside this range today. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish trend. Additionally, the stock has shown erratic trading patterns, having not traded on two days out of the last 20. The trading sector has seen a gain of 4.6%, further highlighting the underperformance of Simplex Papers.