Tijaria Polypipes Faces Intense Selling Pressure Amid Significant Price Declines
Tijaria Polypipes Ltd is experiencing notable selling pressure, with a significant decline over the past three days and a year-to-date drop of 38.85%. Despite a positive three-year performance, the stock has underperformed recently, reflecting a bearish trend in its moving averages.
Tijaria Polypipes Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of 12.65%. Today, Tijaria Polypipes saw a drop of 4.97%, starkly contrasting with the Sensex's modest decline of 0.67%.Over the past week, the stock has lost 9.58%, while the Sensex fell by just 1.56%. The one-month performance reveals a 13.76% decrease for Tijaria Polypipes compared to a 3.74% decline in the Sensex. Year-to-date, the stock has plummeted by 38.85%, while the Sensex has gained 3.56%.
Despite a positive performance over the last three years, where Tijaria Polypipes increased by 49.80%, its one-year performance shows a staggering decline of 55.73%. The stock is currently underperforming its sector by 4.06%. Moving averages indicate that while the stock is above the 100-day moving average, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages, highlighting a bearish trend.
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