Tulsyan NEC Ltd Faces Significant Selling Pressure with 4.95% Decline Amid Year-to-Date Loss of 45.45%

Tulsyan NEC Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, operating in the Iron & Steel Products industry, has recorded a notable decline of 4.95% in its stock price, contrasting sharply with the Sensex, which has gained 0.26% on the same day. This marks a continuation of a troubling trend, as Tulsyan NEC has experienced consecutive days of losses, with a weekly decline of 13.12% compared to the Sensex's 1.65% increase.
Over the past month, the stock has fallen by 3.88%, while the Sensex has risen by 2.87%. The year-to-date performance is particularly concerning, with Tulsyan NEC down 45.45% against the Sensex's 8.38% gain. The stock's performance over the last year shows a staggering decline of 48.72%, further emphasizing its struggles relative to the broader market.

Several factors may be contributing to this selling pressure, including the stock's underperformance against sector benchmarks and its trading below key moving averages. The stock opened with a loss of 2.85% today, reaching an intraday low of Rs 38.4, significantly lower than its moving averages across various time frames.