Synthiko Foils Ltd Faces Intense Selling Pressure Amidst Consecutive Losses

Synthiko Foils Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has been on a downward trend, experiencing consecutive losses for the past eight days, resulting in a total decline of 24.37% during this period. Today, Synthiko Foils Ltd opened with a gap down of 4.91% and reached an intraday low of Rs 107.35, reflecting a 5% drop.
In terms of performance, Synthiko Foils Ltd has underperformed relative to the Sensex, which has gained 1.15% today. Over the past week, the stock has declined by 18.12%, while the Sensex has increased by 1.24%. Despite a strong performance over the past year, where Synthiko Foils Ltd rose by 55.58% compared to the Sensex's 3.13%, the recent trend indicates a stark contrast.

The stock's performance metrics reveal that it is trading higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. The aluminium sector, in which Synthiko Foils operates, has seen a modest gain of 2.3%, further highlighting the stock's struggles amidst broader market movements.