Quasar India Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Quasar India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past 13 days, resulting in a total loss of 16.35% during this period. In terms of daily performance, Quasar India Ltd has decreased by 1.14%, slightly outperforming the Sensex, which fell by 1.59%. However, the stock's performance over the past week shows a decline of 4.40%, compared to the Sensex's drop of 2.35%.
Over the past month, Quasar India Ltd has seen a substantial decline of 9.38%, while the Sensex has gained 4.08%. The three-month performance reveals a staggering drop of 53.97% for Quasar India, against a modest decline of 2.96% for the Sensex. Year-to-date, the stock has plummeted by 53.23%, contrasting sharply with the Sensex's decline of only 2.50%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the trading sector gaining by 2.97%, Quasar India Ltd continues to struggle, reflecting underlying challenges that may be contributing to the ongoing selling pressure.