Apoorva Leasing Faces Intense Selling Pressure Amid Ongoing Price Declines

Apoorva Leasing Finance & Investment Co Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of consecutive days of losses, raising concerns among market observers. Over the past week, the stock has declined by 2.98%, underperforming the Sensex, which fell by 1.31%.
In the last month, however, Apoorva Leasing has shown a notable gain of 22.88%, contrasting sharply with the Sensex's 7.59% increase. Despite this recent uptick, the stock's performance over the last three months reveals a decline of 15.36%, while the Sensex has gained 2.04%. Year-to-date, Apoorva Leasing has dropped 30.20%, significantly lagging behind the Sensex's modest rise of 1.68%.

The stock's erratic trading pattern, having not traded on two days out of the last 20, may contribute to the current selling pressure. Additionally, while the stock is trading above its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a potential struggle to maintain upward momentum.