Twamev Constructions Faces Intense Selling Pressure Amid Significant Price Declines

Twamev Constructions & Infrastructure Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past five days, resulting in a substantial loss of 23.6% during this period. Today, the stock opened with a gap down of 4.98%, reaching a new 52-week low of Rs. 28.65, and has traded at this price without any range.
In terms of performance relative to the Sensex, Twamev has notably underperformed. Over the past week, the stock has declined by 23.60%, while the Sensex has seen a modest increase of 0.46%. This trend continues over longer periods, with the stock down 26.43% in the last month compared to the Sensex's gain of 2.97%. Year-to-date, Twamev has dropped 32.79%, contrasting sharply with the Sensex's rise of 4.38%.

Several factors may be contributing to this selling pressure, including broader market trends and potential company-specific challenges. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.