Terai Tea Co Faces Intense Selling Pressure Amid Significant Price Declines
Terai Tea Co Ltd is experiencing significant selling pressure, marked by consecutive losses and a notable decline over various timeframes. The stock is trading below multiple moving averages, reflecting a bearish trend, and has underperformed compared to the Sensex, highlighting its struggles in the market.
Terai Tea Co Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.98% in just one day. Over the past week, the stock has dropped 12.83%, while its performance over the last month reveals a staggering 26.39% decrease. In comparison to the Sensex, which has shown a slight decline of 0.17% today, Terai Tea Co's performance starkly contrasts, highlighting the stock's struggles. Over the past three months, the stock has underperformed the Sensex by 35.54%, with a loss of 22.61% compared to the index's gain of 12.93%. Year-to-date, Terai Tea Co has seen a decline of 21.60%, while the Sensex has risen by 6.73%.
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The day's low was recorded at Rs 132.5, further emphasizing the selling pressure faced by the microcap company in the FMCG sector.
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