Selling Pressure Mounts on The Indian Wood Products Company Amid Significant Price Declines

The Indian Wood Products Company Ltd is currently facing significant selling pressure, with only sellers active in the market today. The stock has experienced a notable decline of 4.99%, underperforming the Sensex, which fell by 1.00%. This marks the sixth consecutive day of losses for the company, resulting in a total drop of 20.1% over this period.
In terms of weekly performance, The Indian Wood Products Company has seen a steep decline of 17.42%, while the Sensex has remained relatively stable with a decrease of just 0.26%. Over the past month, the stock has also underperformed, with a slight drop of 0.60% compared to the Sensex's marginal decline of 0.17%.

Despite a positive performance over the last three months, where the stock gained 14.29%, its year-to-date performance shows a significant decline of 18.19%, contrasting sharply with the Sensex's gain of 4.41%. The stock's price summary indicates it touched an intraday low of Rs 39.8 today, and it is currently trading below several key moving averages, including the 5-day, 20-day, 100-day, and 200-day averages, although it remains above the 50-day moving average.

These trends suggest a challenging environment for The Indian Wood Products Company, with various factors contributing to the ongoing selling pressure.