Eros International Faces Intense Selling Pressure Amid Significant Price Declines

Eros International Media Ltd is currently facing significant selling pressure, with today's trading session showing only sellers. The stock has recorded a notable decline of 4.92%, starkly contrasting with the Sensex, which has gained 0.62% on the same day. This marks a continuation of a troubling trend, as Eros International has experienced consecutive days of losses, with a weekly decline of 9.63% and a staggering monthly drop of 22.48%.
Over the past year, the stock has plummeted by 67.88%, while the Sensex has risen by 8.14%. The year-to-date performance reflects a decline of 55.63% for Eros International, compared to a modest 1.15% increase in the Sensex. The three-year performance shows a drastic decrease of 79.39%, while the Sensex has appreciated by 36.48%.

Today, Eros International hit a new 52-week and all-time low of Rs. 6.38, underperforming its sector by 5.15%. The stock has exhibited erratic trading patterns, failing to trade on four days out of the last 20. Additionally, it is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend.