Praxis Home Retail Faces Intense Selling Pressure Amid Significant Price Declines

Praxis Home Retail Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a troubling trend, with consecutive losses over the past five days, resulting in a steep decline of 22.44% during this period. The stock's performance has been notably poor compared to the broader market, as evidenced by its 1-day performance of -4.94% against the Sensex's modest gain of 0.10%.
Over the past month, Praxis Home Retail has seen a staggering decline of 35.64%, while the Sensex has risen by 6.13%. This trend continues across longer time frames, with the stock down 51.35% over the past year and a staggering 85.80% over the last five years, contrasting sharply with the Sensex's 160.55% gain in the same period.

Today, Praxis Home Retail hit a new 52-week and all-time low of Rs. 8.85, underperforming its sector by 7.07%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend that reflects the current market sentiment.