Thomas Scott India Ltd Faces Significant Selling Pressure Amidst Market Volatility

Thomas Scott India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The garment and apparel microcap has experienced a notable decline of 4.99% in its one-day performance, starkly contrasting with the Sensex, which has only dipped by 0.22%. This marks a trend reversal for Thomas Scott, which had previously enjoyed four consecutive days of gains.
Over the past week, the stock has still managed to gain 29.41%, but the recent downturn raises concerns. In the last month, it has risen by 22.26%, and over the past year, it has outperformed the Sensex with a 37.06% increase compared to the index's 6.13%. However, year-to-date performance shows a decline of 17.10%, while the Sensex has gained 7.34%.

The stock's volatility is evident today, with an intraday volatility of 5% and a low of Rs 382.8. Despite this selling pressure, Thomas Scott India Ltd remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a complex market position. The current selling trend may be influenced by broader market sentiments or sector-specific challenges.