Supreme Engineering Ltd Faces Heavy Selling Pressure with 5.49% Daily Loss and 52-Week Low

Supreme Engineering Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive days of losses, with a notable decline of 5.49% in its one-day performance. This stark contrast is evident when compared to the Sensex, which has gained 0.35% on the same day. Over the past week, Supreme Engineering has also underperformed, with a 5.49% drop against a 1.77% decline in the Sensex.
The stock's performance over the past month reveals a staggering 24.56% decrease, while the Sensex has risen by 1.12%. In a broader context, the stock has plummeted 67.91% year-to-date, compared to a 3.28% increase in the Sensex. Additionally, the stock has reached a new 52-week low of Rs. 0.86 today, further emphasizing its downward trajectory.

Contributing factors to this selling pressure may include erratic trading patterns, as the stock did not trade on four days out of the last 20. Furthermore, Supreme Engineering is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend in the market.