C J Gelatine Products Faces Intense Selling Pressure Amid Significant Price Declines

C J Gelatine Products Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has recorded consecutive days of losses, with a notable decline of 5.34% in just one day, compared to the Sensex's drop of 1.59%. Over the past week, C J Gelatine Products has lost 10.71%, while the Sensex fell by 2.35%. The stock's performance over the last month reveals a staggering decline of 14.52%, contrasting sharply with the Sensex's gain of 4.08%.
In the longer term, C J Gelatine Products has seen a 43.69% decrease over the past three months, while the Sensex has only dipped by 2.96%. Year-to-date, the stock is down 46.49%, significantly underperforming the Sensex, which has declined by just 2.50%. The stock recently hit a new 52-week low of Rs. 14.01 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Potential contributing factors to this selling pressure may include broader market conditions and sector-specific challenges within the chemicals industry.