Terai Tea Co Faces Intense Selling Pressure Amid Significant Price Declines
Terai Tea Co Ltd is experiencing notable selling pressure, with the stock declining significantly over various time frames. It has fallen sharply in recent days and weeks, contrasting with the relatively stable performance of the Sensex. The stock is also trading below multiple moving averages, indicating ongoing challenges.
Terai Tea Co Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses, falling 4.98% today alone, and has declined 9.72% over the past two days. This trend is starkly contrasted with the Sensex, which has only decreased by 0.78% today.Over the past week, Terai Tea Co has seen a substantial drop of 13.77%, while the Sensex has only slipped by 1.07%. The one-month performance reveals a staggering decline of 30.82% for Terai Tea Co, compared to a marginal increase of 0.03% for the Sensex. Year-to-date, the stock is down 25.50%, while the Sensex has gained 5.64%.
The stock opened with a gap down of 2% today and reached an intraday low of Rs 125.9. Additionally, Terai Tea Co is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively highlight the ongoing challenges faced by Terai Tea Co in the current market environment.
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