South India Paper Mills Faces Selling Pressure, Declines 4.99% Amid Four-Day Losing Streak

South India Paper Mills 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 13.16% during this period. Today, the stock fell by 4.99%, significantly underperforming the Sensex, which decreased by only 0.70%.
In terms of broader performance metrics, South India Paper Mills has struggled over the past year, with a decline of 29.24%, while the Sensex has gained 5.58%. Year-to-date, the stock is down 25.96%, contrasting sharply with the Sensex's 8.02% increase. Over three years, the stock has plummeted by 37.13%, while the Sensex has surged by 40.77%.

The stock's price summary indicates an intraday high of Rs 85.76, reflecting a modest gain of 2.85%, but it also reached a low of Rs 79.22, marking a 4.99% drop. Notably, the stock is currently trading above its 20-day and 50-day moving averages but below its 5-day, 100-day, and 200-day moving averages. These trends suggest a challenging environment for South India Paper Mills, with various factors likely contributing to the ongoing selling pressure.