Supreme Engineering Ltd Faces Heavy Selling Pressure, Stock Declines 5.81% to New 52-Week Low

Supreme Engineering Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the iron and steel products sector, has recorded consecutive days of losses, reflecting a troubling trend for investors. Today, the stock plummeted by 5.81%, starkly contrasting with the Sensex, which gained 0.24%. Over the past week, Supreme Engineering has also declined by 5.81%, while the Sensex rose by 1.29%.
In the past month, the stock has experienced a staggering 25% drop, compared to a modest 0.86% increase in the Sensex. The three-month performance shows a decline of 53.98%, while the Sensex fell by only 2.43%. Year-to-date, Supreme Engineering has lost 69.78%, in stark contrast to the Sensex's gain of 4.18%. The stock has reached a new 52-week low of Rs. 0.81 today, underperforming its sector by 5.69%.

Factors contributing to this selling pressure may include erratic trading patterns, as the stock did not trade on four days out of the last 20. Additionally, it is trading below all key moving averages, indicating a persistent downward trend.