Simplex Realty Faces Intense Selling Pressure Amid Continued Price Declines

Simplex Realty Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.98% today, sharply contrasting with the Sensex's modest drop of 0.39%. This marks a continuation of a troubling trend, as Simplex Realty has now experienced consecutive days of losses, with a weekly performance down 12.76% compared to the Sensex's 0.73% decline.
Over the past month, Simplex Realty has lost 10.81%, while the Sensex has only dipped by 3.38%. The three-month performance reveals a stark 21.27% decrease for Simplex Realty, in contrast to a slight gain of 0.78% for the Sensex. Year-to-date, the stock is down 15.69%, while the Sensex has gained 3.50%.

Today's trading saw the stock open with a loss of 4.89%, reaching an intraday low of Rs 170.85. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The narrow trading range of Rs 0.15 further highlights the lack of buying interest in the stock, contributing to the ongoing selling pressure.