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, with a total decline of 3.84%. Today's performance reflects a drop of 1.91%, underperforming the Sensex, which fell by 0.67%.
In the past week, Tirupati Tyres has seen a decline of 2.10%, compared to the Sensex's decrease of 1.55%. Over the past month, the stock has plummeted by 17.16%, while the Sensex has managed a slight gain of 0.50%. Year-to-date, Tirupati Tyres has lost 20.80%, contrasting sharply with the Sensex's positive performance of 3.54%.

The stock's long-term performance also raises concerns, with a staggering 71.04% decline over the past year, while the Sensex has risen by 9.38%. Despite a notable increase of 1585.25% over the last five years, the stock's ten-year performance shows a significant drop of 91.32%, compared to the Sensex's gain of 197.56%.

The stock is currently trading above its 50-day moving average but below its 5-day, 20-day, 100-day, and 200-day moving averages, indicating a challenging market position.