Selling Pressure Intensifies as The Indian Wood Products Company Ltd Faces Significant Losses

The Indian Wood Products Company Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 7.16% today, starkly contrasting with the Sensex, which has gained 0.99%. This marks a continuation of a troubling trend, as the stock has now experienced consecutive days of losses, with a weekly decline of 14.66% and a monthly drop of 24.88%.
Over the past three months, the stock has plummeted by 41.28%, while the Sensex has only dipped by 1.03%. Year-to-date, The Indian Wood Products Company Ltd has seen a decline of 33.54%, compared to the Sensex's minor decrease of 0.60%. Despite a modest annual gain of 7.34%, the stock's longer-term performance reveals a concerning picture, with a three-year decline of 7.18% against the Sensex's impressive 34.85% rise.

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 reached Rs 32.3, reflecting a significant underperformance against its sector by 6.96%. These factors collectively contribute to the ongoing selling pressure observed in The Indian Wood Products Company Ltd.