Scoobee Day Garments Faces Intense Selling Pressure Amid Consecutive Losses

Scoobee Day Garments India Ltd is currently facing significant selling pressure, with only sellers active in the market today. The stock has experienced consecutive losses over the past four days, resulting in a decline of 6.01% during this period. In today's trading session, Scoobee Day Garments reported a performance of -0.18%, slightly better than the Sensex, which fell by 0.31%.
Over the past month, the stock has seen a notable decrease of 8.34%, while the Sensex has only declined by 1.78%. Year-to-date, Scoobee Day Garments has underperformed with a drop of 20.72%, compared to the Sensex's decline of 3.11%. Despite a strong performance over the last decade, where the stock surged by an impressive 3688.40%, recent trends indicate a troubling trajectory, particularly over the last three years, where it has fallen by 32.19% against the Sensex's gain of 30.90%.

The stock's performance today underperformed its sector by 1.3%, and it has shown erratic trading patterns, having not traded on one day out of the last 20. While the stock remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages, indicating a shift in market sentiment.