Tirupati Foam Faces Intense Selling Pressure Amid Notable Price Declines

Tirupati Foam Ltd is currently facing significant selling pressure, with today's trading session showing only sellers and a notable decline of 4.99%. This marks the second consecutive day of losses for the microcap furniture and home furnishing company, which has seen a total drop of 9.74% over this period. In comparison, the benchmark Sensex has only decreased by 0.35% today.
Over the past week, Tirupati Foam has underperformed the Sensex, with a loss of 1.01% compared to the index's decline of 0.46%. The stock's performance over the last month is also concerning, down 4.10% while the Sensex gained 1.37%. Despite a strong performance over the longer term, including a 65.30% increase over the past year, the year-to-date performance shows a decline of 6.65%, contrasting sharply with the Sensex's gain of 4.10%.

Today's trading saw the stock open at Rs 122.75, hitting an intraday low of the same price, indicating a lack of trading range. The stock has been trading erratically, with no activity on one day out of the last 20. While it remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, suggesting a shift in momentum.