Simplex Papers Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Simplex Papers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, with a notable decline of 8.79% during this period. In contrast, the benchmark Sensex has shown a positive performance of 1.89% over the same week.
In terms of daily performance, Simplex Papers Ltd has dropped by 1.98%, while the Sensex has gained 0.32%. Over the past month, the stock has declined by 9.52%, compared to a slight decrease of 0.10% in the Sensex. Year-to-date, Simplex Papers has seen a significant drop of 22.16%, while the Sensex has risen by 5.10%.

The stock's performance metrics indicate it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend. Additionally, the stock has not traded on two days out of the last 20, suggesting erratic trading behavior. The stock opened at 1786 and has remained at this price, indicating a lack of upward momentum. These factors collectively contribute to the ongoing selling pressure observed in Simplex Papers Ltd.