Selling Pressure Mounts on Svarnim Trade Udyog Ltd Amidst Consecutive Losses

Svarnim Trade Udyog Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend is underscored by consecutive days of losses, as the stock has been on a downward trajectory despite a recent uptick. Over the past week, Svarnim Trade Udyog has recorded a performance of 4.64%, while the Sensex has shown a modest gain of 0.47%.
In the last month, the stock has outperformed the Sensex, gaining 8.48% compared to the index's 5.56%. However, the three-month performance reveals a decline of 5.49% for Svarnim Trade Udyog, contrasting with the Sensex's smaller drop of 1.82%. Over the past year, the stock has managed a gain of 17.63%, significantly outperforming the Sensex's 4.91% increase.

Today's trading saw the stock open with a gain of 4.98%, reaching an intraday high of Rs 29.29. Despite this, the stock has shown erratic trading patterns, not trading on three days out of the last 20. The current selling pressure may be attributed to broader market sentiments or sector-specific challenges, as the stock has been trading above its moving averages across various time frames.