Apoorva Leasing Faces Intensified Selling Pressure Amid Consecutive Losses

Apoorva Leasing Finance & Investment Co Ltd is currently facing significant selling pressure, with only sellers active in the market today. This trend marks a continuation of consecutive days of losses for the microcap finance company. Over the past week, the stock has declined by 5.50%, significantly underperforming the Sensex, which fell by just 0.59%.
In the past month, Apoorva Leasing has seen a decrease of 3.57%, while the Sensex recorded a loss of 1.80%. Despite a strong performance over the last three months, where the stock gained 22.64% compared to the Sensex's decline of 2.44%, the year-to-date performance shows a stark contrast, with Apoorva Leasing down 21.69% against the Sensex's 3.14% drop.

The stock's erratic trading pattern, having not traded on one day out of the last 20, may also contribute to the current selling pressure. Additionally, while the stock's price is above the 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages, indicating a potential shift in market sentiment.