Simplex Realty Ltd Faces Significant Selling Pressure, Declines 5% Today Amid Ongoing Losses

Simplex Realty Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past three days, resulting in a total loss of 6.47% during this period. In stark contrast, the Sensex has shown a positive performance, gaining 1.64% over the same week.
On a daily basis, Simplex Realty's stock has dropped by 5.00%, while the Sensex has increased by 0.41%. Over the past month, the stock has underperformed with an 8.99% decline compared to the Sensex's modest gain of 1.14%. Year-to-date, Simplex Realty has seen a significant drop of 16.56%, while the Sensex has risen by 8.66%.

The stock is currently trading close to its 52-week low, just 3.43% away from Rs 163.3. It opened with a gap down of 5% today and reached an intraday low of Rs 169.1. Additionally, Simplex Realty has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The erratic trading pattern, with the stock not trading on three days out of the last 20, may also contribute to the current selling pressure.