Alan Scott Industries Faces Intense Selling Pressure Amid Consecutive Losses
Alan Scott Industries Ltd is experiencing notable selling pressure, with a recent decline of nearly 10% over two days. While the stock has shown a positive monthly trend, its three-month performance reveals a significant drop. Year-to-date, the company has faced a substantial decline compared to broader market trends.
Alan Scott Industries 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, resulting in a total decline of 9.92%. Today, the stock fell by 4.95%, underperforming the Sensex, which gained 0.41%. In terms of weekly performance, Alan Scott Industries has decreased by 1.29%, slightly worse than the Sensex's decline of 1.23%. Over the past month, however, the stock has shown a positive trend with a gain of 13.53%, outperforming the Sensex's increase of 4.29%. Despite this, the three-month performance reveals a stark decline of 35.02%, compared to the Sensex's drop of only 4.51%.
Year-to-date, Alan Scott Industries has seen a significant decline of 33.89%, while the Sensex has only decreased by 2.31%. The stock's price summary indicates an intraday high of Rs 177 and a low of Rs 161.15. Notably, the stock is currently trading above its 20-day and 200-day moving averages but below its 5-day, 50-day, and 100-day moving averages, suggesting a mixed technical outlook.
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