Tirupati Tyres Faces Intense Selling Pressure Amid Consecutive Losses and Declining Performance

Tirupati Tyres Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, resulting in a total decline of 9.6%. Today, the stock fell by 4.96%, notably underperforming the Sensex, which decreased by only 1.13%.
In terms of broader performance metrics, Tirupati Tyres has struggled over the past year, with a staggering decline of 53.21%, while the Sensex has gained 5.15%. Year-to-date, the stock is down 17.33%, contrasting sharply with the Sensex's positive return of 3.36%. Despite a strong performance over the last five years, where it surged by 1390.28%, the stock's long-term trajectory has been marred by a significant 89.60% drop over the past decade.

The stock's current price is above its 20-day, 50-day, and 100-day moving averages, yet it remains below the 5-day and 200-day moving averages. This mixed performance may indicate underlying volatility and investor sentiment challenges, contributing to the ongoing selling pressure.