Svarnim Trade Udyog Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Svarnim Trade Udyog Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, with a notable decline of 14.23% during this period. In stark contrast, the benchmark Sensex has gained 2.20% over the same timeframe, highlighting the stock's underperformance.
On a daily basis, Svarnim Trade Udyog Ltd opened with a loss of 5%, reaching an intraday low of Rs 22.43. The stock has not only underperformed its sector by 4.76% today but has also seen a troubling trend over the past month, with a total decline of 19.40%. Year-to-date, the stock is down 23.84%, while the Sensex has risen by 3.61%.

The stock's erratic trading pattern is evident, as it did not trade on one day out of the last 20. Additionally, Svarnim Trade Udyog Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. These factors collectively contribute to the ongoing selling pressure observed in the stock.