True Green Bio Energy Faces Intense Selling Pressure Amid Sustained Losses

True Green Bio Energy Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the Garments & Apparels industry, has experienced consecutive days of losses, with a notable decline of 4.99% in its one-day performance. This stark contrast is evident when compared to the Sensex, which has only dipped by 1.00% on the same day.
Over the past week, True Green Bio Energy has seen a decrease of 2.75%, while the Sensex has remained relatively stable with a decline of just 0.26%. The stock's performance over the last three months is particularly concerning, with a drop of 17.95%, in stark contrast to the Sensex's gain of 6.08%. Year-to-date, True Green Bio Energy has underperformed significantly, down 34.36% compared to the Sensex's positive return of 4.41%.

The stock opened with a loss of 2.62% today and reached an intraday low of Rs 72.2. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. These factors collectively highlight the ongoing challenges faced by True Green Bio Energy in the current market environment.