Terai Tea Co Faces Intense Selling Pressure Amid Significant Price Declines
Terai Tea Co Ltd is experiencing significant selling pressure, marked by a 15.3% decline over three days and a 17.25% drop in the past week. The stock has underperformed compared to the Sensex, closing down 4.88% today and trading below key moving averages, reflecting a bearish trend.
Terai Tea Co Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with consecutive losses over the past three days, resulting in a total drop of 15.3% during this period. In terms of performance, Terai Tea Co has underperformed relative to the Sensex, which has shown a modest gain of 0.32% today. Over the past week, the stock has plummeted by 17.25%, while the Sensex has increased by 1.96%. The one-month performance reveals a decline of 20.82% for Terai Tea Co, contrasting sharply with the Sensex's 3.03% rise.
The stock opened today with a gain of 4.85%, reaching an intraday high of Rs 157.8, but quickly fell to a low of Rs 143.15, closing the day down 4.88%. Additionally, Terai Tea Co is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Factors contributing to this selling pressure may include broader market dynamics and company-specific challenges, although specific reasons were not provided.
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