Tricom Fruit Products Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Tricom Fruit Products Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive losses, as the stock has declined for the last two days, resulting in a total drop of 7.86% during this period.
In terms of performance, Tricom Fruit Products Ltd has exhibited mixed results relative to the Sensex. Over the past day, the stock decreased by 2.61%, while the Sensex fell by 0.62%. Over the past week, Tricom outperformed the Sensex with a gain of 4.17% compared to the Sensex's decline of 0.91%. However, the stock has struggled over the longer term, with a 9.54% decrease over the past month, contrasting with a slight increase of 0.38% in the Sensex.

Despite a strong yearly performance of 96.43%, the stock's five-year performance remains stagnant at 0.00%, while the Sensex has surged by 120.83% in the same timeframe. The stock's current price is above its 50-day, 100-day, and 200-day moving averages but below its 5-day and 20-day moving averages, indicating a potential shift in momentum. The selling pressure may be influenced by broader market trends and investor sentiment within the FMCG sector.