International Data Management Ltd Faces Intense Selling Pressure Amid Significant Price Declines

International Data Management 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 4.99% in its one-day performance, starkly contrasting with the Sensex's modest drop of 0.42%. Over the past week, the stock has also underperformed, losing 4.99% compared to the Sensex's decline of 1.69%.
In a broader context, International Data Management has seen a substantial decrease of 21.27% over the past month, while the Sensex has gained 4.39%. Year-to-date, the stock is down 32.16%, significantly underperforming the Sensex, which has only dipped by 2.36%. The stock's performance over the last year shows a decline of 24.67%, while the Sensex has risen by 3.27%.

Today's trading session opened with a gap down, starting at Rs 24.95, which also marked the day's low. The stock has not shown any range, remaining stagnant at this price. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The erratic trading pattern, with the stock not trading on two days out of the last 20, may also contribute to the current selling pressure.