Supreme Engineering Faces Intense Selling Pressure Amid Significant Price Declines

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 5.21% in just one day, starkly contrasting with the Sensex's minimal drop of 0.11%. Over the past week, the stock has also underperformed, matching the same weekly loss of 5.21%, while the Sensex gained 0.92%.
In a broader context, Supreme Engineering has seen a staggering decline of 24.17% over the past month, compared to a 1.51% increase in the Sensex. The three-month performance reveals a 53.57% drop for the stock, while the Sensex remained relatively stable with a 0.16% gain. Year-to-date, Supreme Engineering has plummeted by 66.04%, while the Sensex has risen by 5.63%.

The stock has reached a new 52-week low of Rs. 0.91 today, indicating ongoing challenges. Additionally, the stock has not traded on four days out of the last 20, reflecting erratic trading patterns. Supreme Engineering is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its struggles in the market.