Tulsyan NEC Ltd Faces Intense Selling Pressure Amid Continued Price Declines

Tulsyan NEC Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 5.66% in its performance, contrasting sharply with the Sensex, which has gained 2.14%. This marks a continuation of a downward trend, as Tulsyan NEC has recorded consecutive days of losses following a brief three-day gain.
Over the past month, the stock has declined by 5.68%, while the Sensex has risen by 3.98%. The three-month performance reveals a stark drop of 33.33% for Tulsyan NEC, compared to a marginal increase of 0.06% in the Sensex. Year-to-date, the stock has fallen by 37.50%, while the Sensex has only dipped by 1.75%. Over the past year, Tulsyan NEC has plummeted by 51.74%, significantly underperforming the Sensex's 4.59% gain.

Today's trading saw the stock reach an intraday low of Rs 44.6, reflecting a 4.37% decrease. The stock's performance is currently underwhelming compared to its sector, which has gained 2.44%. The stock's moving averages indicate a mixed trend, being higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. These factors contribute to the ongoing selling pressure observed in Tulsyan NEC Ltd.