Suratwwala Business Group Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Suratwwala Business Group 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 7.74% during this period. In today's trading, Suratwwala Business Group Ltd fell by 1.99%, underperforming the Sensex, which decreased by only 0.32%.
When examining the stock's performance over various time frames, it is evident that the company has struggled significantly. Over the past month, the stock has gained 13.87%, but this is overshadowed by a staggering 63.40% decline over the last three months and a 61.73% drop over the past year. Year-to-date, the stock has plummeted by 67.37%, contrasting sharply with the Sensex's modest gain of 3.07%.

The stock's current price is higher than its 20-day moving average but remains below the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The combination of these factors suggests a challenging environment for Suratwwala Business Group Ltd, contributing to the ongoing selling pressure.