Tulsyan NEC Ltd Faces Intense Selling Pressure Amid Significant Stock Price Decline

Tulsyan NEC Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the Steel/Sponge Iron/Pig Iron industry, has experienced a notable decline, with a 4.96% drop in its stock price compared to a modest 0.20% gain in the Sensex. Over the past week, Tulsyan NEC has lost 5.31%, while the Sensex has risen by 1.43%.
The stock has been on a downward trend for three consecutive days, accumulating a total loss of 13.68% during this period. Today, it opened with a gap down of 4.98%, reaching an intraday low of Rs 43.85. This performance is indicative of a broader struggle, as the stock has underperformed its sector by 5.28%.

In terms of longer-term performance, Tulsyan NEC has seen a staggering 48.06% decline over the past year, contrasting sharply with the Sensex's 6.09% increase. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting ongoing challenges in its market position.