Scoobee Day Garments Faces Intense Selling Pressure Amid Significant Price Declines

Scoobee Day Garments India Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, reflecting a troubling trend in its performance. Today, the stock declined by 1.99%, while the Sensex posted a modest gain of 0.35%. Over the past week, Scoobee Day Garments has lost 2.09%, contrasting sharply with the Sensex's slight decline of 0.07%.
The stock's performance over the past month has been particularly concerning, with a drop of 19.59%, compared to the Sensex's decrease of just 2.43%. Year-to-date, Scoobee Day Garments has seen a staggering decline of 32.17%, while the Sensex has fallen by only 4.93%. The three-year performance shows a significant downturn of 40.64% for Scoobee Day Garments, against a 33.73% increase in the Sensex.

The stock opened at 94.97 and has remained at this price, underperforming its sector by 2.3%. While it remains above its 200-day moving average, it is trading below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a bearish trend. These factors collectively contribute to the ongoing selling pressure faced by Scoobee Day Garments India Ltd.