Unitech International Ltd Faces Significant Selling Pressure with 4.84% Decline Amidst Ongoing Losses

Unitech International Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.84% in just one day, contrasting sharply with the Sensex's modest gain of 0.55%. Over the past week, Unitech International has dropped 7.08%, while the Sensex has only decreased by 0.37%.
In the month leading up to this point, the stock has lost 7.68%, compared to a 1.42% increase in the Sensex. Year-to-date, Unitech International is down 14.76%, while the Sensex has risen by 7.08%. The longer-term performance also reflects a troubling trend, with a 19.67% decline over the past year and a staggering 44.42% drop over the last three years, against the Sensex's 38.04% gain.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Additionally, the specialty chemicals sector has seen a decline of 2.26%, contributing to the overall selling pressure on Unitech International.