Selling Pressure Mounts on Svarnim Trade Udyog Amid Consecutive Losses

Svarnim Trade Udyog Ltd is currently facing significant selling pressure, with today's trading session showing only sellers. The stock has experienced consecutive losses, dropping 4.97% today alone, which adds to a total decline of 9.71% over the past two days. In stark contrast, the benchmark Sensex has only decreased by 0.39% today, highlighting the underperformance of Svarnim Trade Udyog.
Over the past week, the stock has fallen by 5.30%, while the Sensex has gained 1.59%. This trend continues over the month, with Svarnim Trade Udyog down 1.68% compared to a 2.33% rise in the Sensex. Year-to-date, the stock has declined by 6.55%, while the Sensex has increased by 2.13%.

The stock opened with a gap down today at Rs 27.52 and reached an intraday low of the same price, indicating a lack of upward movement. Despite being above the 50-day, 100-day, and 200-day moving averages, it remains below the 5-day and 20-day moving averages, suggesting a short-term weakness. The erratic trading pattern, with the stock not trading on one day out of the last 20, may also contribute to the current selling pressure.