Wires & Fabriks Faces Selling Pressure with 2.50% Decline, Total Loss of 7.1% Over Two Days

Wires & Fabriks (S.A) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past two days, with a total decline of 7.1% during this period. Today, the stock opened with a gap down of 2.5%, reaching an intraday low of Rs 195, and has remained at this price level throughout the trading session.
In terms of performance, Wires & Fabriks has underperformed the Sensex significantly. Over the past day, the stock fell by 2.50%, while the Sensex gained 0.76%. This trend continues over the week, month, and year, with the stock down 2.48%, 15.55%, and 8.02% respectively, compared to the Sensex's positive performances of 1.26%, 2.43%, and 7.41%.

The stock has also been erratic in trading, not executing trades on three out of the last twenty days. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. These factors collectively contribute to the ongoing selling pressure on Wires & Fabriks (S.A) Ltd.