Tirupati Foam Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Tirupati Foam Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. In terms of performance, Tirupati Foam has outperformed the Sensex in various time frames, including a 4.96% decline today compared to the Sensex's modest 0.80% drop. Over the past week, the stock has also seen a 4.96% decrease, while the Sensex fell by 0.62%.
Despite a strong performance over the past year, where Tirupati Foam gained 70.32% against the Sensex's 10.66%, the stock has struggled year-to-date, showing a slight decline of 0.27% compared to the Sensex's 4.73% increase. The stock opened today at Rs 131.15, reaching an intraday high of the same price, indicating erratic trading patterns, as it did not trade on two days out of the last 20. Additionally, Tirupati Foam is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a complex market position amid the selling pressure.