Lakhotia Polyesters Faces Intense Selling Pressure Amid Consecutive Losses

Lakhotia Polyesters (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling 4.96% in just one day, and has declined by 5.43% over the last two days. This performance starkly contrasts with the Sensex, which has gained 1.01% today and 1.10% over the past week.
In terms of broader performance metrics, Lakhotia Polyesters has underperformed the sector by 5.91% today. Over the past month, the stock has shown a modest gain of 0.81%, while the Sensex has declined by 1.38%. However, the one-year performance reveals a significant drop of 10.72% for Lakhotia Polyesters, compared to a 2.98% increase in the Sensex.

The stock opened with a gap down at Rs 40.04 and reached an intraday low of the same price, indicating a lack of trading range. Notably, the stock has not traded on one day out of the last 20, suggesting erratic trading patterns. While it remains above the 100-day and 200-day moving averages, it is currently below the 5-day, 20-day, and 50-day moving averages, indicating a potential shift in market sentiment.