Adroit Infotech Faces Intense Selling Pressure Amid Significant Price Declines

Adroit Infotech Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend has resulted in consecutive days of losses, highlighting a challenging market environment for the microcap company. Over the past month, Adroit Infotech has declined by 2.72%, while the benchmark Sensex has gained 1.53%.
In the last week, the stock's performance has been nearly flat at 0.09%, contrasting sharply with the Sensex's 1.15% increase. Year-to-date, Adroit Infotech has seen a substantial decline of 45.61%, compared to the Sensex's positive return of 3.76%. Over the past year, the stock has plummeted by 42.05%, while the Sensex has remained relatively stable with a loss of just 0.59%.

The stock is currently trading close to its 52-week low, just 4.76% above Rs 10. Additionally, Adroit Infotech is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively contribute to the ongoing selling pressure observed in the stock.