Tulsyan NEC Ltd Faces Intense Selling Pressure Amid Consecutive Losses and Underperformance

Tulsyan NEC Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the iron and steel products sector, has experienced consecutive losses over the past two days, with a total decline of 8.49%. Today, the stock opened with a gap down of 2.45%, reaching an intraday low of Rs 43. In terms of performance, Tulsyan NEC has notably underperformed relative to the Sensex. Over the past day, the stock fell by 3.52%, while the Sensex only declined by 0.40%. The one-week performance shows a stark contrast, with Tulsyan NEC down 11.40% compared to the Sensex's modest drop of 0.61%. Over the past month, the stock has decreased by 9.65%, while the Sensex has gained 0.68%. The year-to-date performance of Tulsyan NEC is also concerning, with a decline of 39.59%, contrasting sharply with the Sensex's increase of 3.73%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors contribute to the ongoing selling pressure observed in Tulsyan NEC Ltd.