Selling Pressure Intensifies as Svarnim Trade Udyog Ltd Faces Significant Losses

Svarnim Trade Udyog Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced a notable decline, with a 4.97% drop in its stock price, contrasting sharply with the Sensex, which gained 0.60% on the same day. This marks the sixth consecutive day of losses for Svarnim Trade Udyog, during which it has plummeted by 26.08%.
Over the past week, the stock has declined by 22.19%, and its performance over the last month reveals a staggering 27.96% decrease. Year-to-date, the stock has fallen 59.76%, while the Sensex has risen by 3.19%. The stock has also hit a new 52-week low of Rs. 11.85 today, underperforming its sector by 5.84%.

Several factors may be contributing to this selling pressure, including broader market trends and company-specific challenges. Notably, Svarnim Trade Udyog is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its performance.