Pasupati Acrylon Faces Intensified Selling Pressure Amid Continued Losses and Underperformance

Pasupati Acrylon Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of losses, as the stock has experienced a decline of 0.39% in the last trading session. Over the past week, Pasupati Acrylon has lost 2.02%, while its performance over the past month reflects a decrease of 0.92%.
In comparison to the broader market, represented by the Sensex, Pasupati Acrylon's performance has been notably weaker. The Sensex recorded a decline of 0.32% today, and over the past week, it fell by 0.58%. Over the last year, Pasupati Acrylon has underperformed significantly, with a loss of 9.59% compared to the Sensex's gain of 3.62%.

Several factors may be contributing to the selling pressure, including market sentiment and sector-specific challenges within the textile industry. The stock's price summary indicates that it is currently underperforming its sector by 0.89%. While it is above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.