Tirupati Foam Faces Intense Selling Pressure Amid Continued Price Declines

Tirupati Foam Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 4.74% today, underperforming the Sensex, which has seen a marginal increase of 0.02%. This marks the fifth consecutive day of losses for Tirupati Foam, accumulating a total decline of 13.16% over the past week.
In terms of longer-term performance, Tirupati Foam has struggled, with a year-to-date decline of 18.94%, while the Sensex has gained 5.53% during the same period. The stock's performance over the last month also reflects a downturn, with a drop of 14.69% compared to the Sensex's rise of 3.78%.

Several factors may be contributing to this selling pressure, including erratic trading patterns, as the stock did not trade on one day out of the last 20. Additionally, it opened with a gap down today at Rs 106.6, which has remained its trading price throughout the session. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.