Thakral Services (India) Ltd Faces Selling Pressure with 4.92% Decline Amid Year-to-Date Losses

Thakral Services (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.92%, contrasting sharply with the Sensex, which has gained 0.13%. This marks a trend reversal after three consecutive days of gains, indicating a shift in market sentiment.
Over the past week, Thakral Services has performed well, up 6.45%, but this is overshadowed by its year-to-date performance, which shows a staggering decline of 67.47%. In the last month, the stock has surged by 62.21%, yet its one-year performance reveals a substantial drop of 53.74%.

In terms of moving averages, the stock remains above the 5-day, 20-day, 50-day, and 100-day averages, but is below the 200-day moving average, suggesting a potential long-term weakness. The current selling pressure could be attributed to various factors, including market volatility and investor sentiment, particularly given the stock's underperformance relative to the broader market indices.