Tirupati Tyres Faces Intense Selling Pressure Amid Consecutive Losses and Declining Stock 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 four days, resulting in a total decline of 7.58%. Today, the stock fell by 1.98%, underperforming the Sensex, which recorded a modest gain of 0.19%.
In the past week, Tirupati Tyres has seen a decline of 5.82%, while the Sensex decreased by only 0.52%. Over the past month, the stock has plummeted by 20.39%, contrasting sharply with the Sensex's slight increase of 0.49%. Year-to-date, Tirupati Tyres has dropped 23.88%, compared to the Sensex's gain of 3.52%. The long-term performance also reveals troubling trends, with a staggering 69.17% decline over the past year, while the Sensex has risen by 12.23%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Factors contributing to this selling pressure may include broader market conditions and company-specific challenges within the Tyres & Rubber Products industry.