Supertex Industries Faces Significant Selling Pressure with 36.13% Year-to-Date Loss Amid Declines

Supertex Industries Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced consecutive losses, falling 1.27% in today's trading session alone. Over the past week, the stock has declined by 2.64%, and in the last two days, it has recorded a total drop of 2.51%.
In comparison to the Sensex, Supertex Industries has underperformed across various time frames. Over the past month, the stock is down 3.98%, while the Sensex has gained 2.77%. The disparity is even more pronounced over the past year, with Supertex Industries down 37.78% compared to the Sensex's 8.91% increase.

The stock's performance relative to the broader market indicates a troubling trend, as it has consistently traded below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This persistent underperformance may be contributing to the heightened selling activity observed today.