Yash Chemex Ltd Faces Significant Selling Pressure, Stock Declines 4.98% Amid Seller Dominance

Yash Chemex Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.98%, contrasting sharply with the Sensex, which has only dipped by 0.07%. This marks a trend reversal for Yash Chemex, which had previously enjoyed four consecutive days of gains.
Over the past week, Yash Chemex has managed a modest increase of 1.30%, while the Sensex has declined by 1.19%. However, the stock's performance over the last month shows a slight gain of 0.41%, compared to the Sensex's 1.97% rise. In the longer term, Yash Chemex has outperformed the Sensex significantly, with a remarkable 102.30% increase over the past three months and a 96.04% rise over the past year.

Despite these impressive figures, the stock's performance today underperformed its sector by 3.97%. The intraday low reached Rs 104.5, reflecting a 4.52% drop. While the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average, indicating a shift in momentum. The selling pressure may be attributed to profit-taking after a strong performance in recent months.