C J Gelatine Faces Intense Selling Pressure Amid Significant Price Declines

C J Gelatine Products Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.97% today, sharply contrasting with the Sensex's minor drop of 0.14%. This marks the continuation of a troubling trend, as C J Gelatine has experienced consecutive losses over the past two days, totaling an 8.58% decline.
Over the past week, the stock has fallen by 9.03%, while the Sensex has gained 3.26%. The one-month performance reveals a staggering 13.31% drop for C J Gelatine, compared to a 4.43% increase in the Sensex. Year-to-date, the stock has plummeted 43.05%, significantly underperforming the Sensex, which has only dipped by 0.30%.

Today, C J Gelatine hit a new 52-week low of Rs. 14.91, reflecting a broader trend of underperformance. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating persistent weakness. Contributing factors to this selling pressure may include erratic trading patterns, as the stock did not trade on one day out of the last 20. Overall, the stock's performance remains a concern within the chemicals sector.