TCM Ltd Faces Selling Pressure with 5% Daily Decline and 12.52% Loss Over Three Days

TCM Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past three days, resulting in a total loss of 12.52%. Today, TCM Ltd's stock price fell by 5.00%, underperforming the Sensex, which gained 0.55% during the same period.
In the past week, TCM Ltd has seen a decline of 11.78%, while the Sensex has only dipped by 0.36%. Despite a strong performance over the past month, where TCM Ltd rose by 31.09% compared to the Sensex's 1.42%, the recent trend indicates a shift in market sentiment. Over the last three years, TCM Ltd has underperformed the Sensex significantly, with a growth of just 15.34% compared to the Sensex's impressive 38.04%.

The stock's price summary reveals that it touched an intraday low of Rs 57.38 today. Although TCM Ltd's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day averages, they remain lower than the 5-day moving average, indicating a potential short-term weakness. The current selling pressure may be attributed to various market dynamics, including investor sentiment and broader economic factors affecting the commodity chemicals sector.