Viceroy Hotels Faces Intense Selling Pressure Amid Significant Price Declines

Viceroy Hotels Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.98%, sharply underperforming the Sensex, which fell by just 0.44%. This marks the third consecutive day of losses for Viceroy Hotels, accumulating a total decline of 9.29% over this period.
In the past week, Viceroy Hotels has seen a decrease of 9.82%, contrasting with a slight gain of 0.47% in the Sensex. Over the past month, the stock has declined by 1.94%, while the Sensex has risen by 5.56%. Year-to-date, Viceroy Hotels is down 11.14%, compared to the Sensex's modest decline of 1.11%.

Despite a remarkable three-year performance of 3246.01% and a five-year increase of 13750.93%, the recent trend indicates a shift in market sentiment. The stock's intraday low reached Rs 108.85, and it is currently trading below its 5-day, 20-day, 50-day, and 100-day moving averages, although still above the 200-day moving average. These factors may contribute to the ongoing selling pressure observed in Viceroy Hotels Ltd.