Ashika Credit Capital Faces Intense Selling Pressure Amid Significant Price Declines

Apr 24 2025 09:35 AM IST
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Ashika Credit Capital Ltd is experiencing significant selling pressure, marking its sixth consecutive day of losses with a notable decline in stock value. Over the past month, the stock has dropped substantially, underperforming the Sensex across various time frames and trading below key moving averages, indicating a bearish trend.
Ashika Credit Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.99% in today's trading session, underperforming the Sensex, which has only dipped by 0.14%. This marks the sixth consecutive day of losses for Ashika Credit Capital, during which it has fallen a total of 25.41%.

Over the past week, the stock has plummeted by 18.53%, and its performance over the last month reveals a staggering decline of 40.68%. In a broader context, the stock has underperformed significantly compared to the Sensex over various time frames, including a year-to-date drop of 54.31% against the Sensex's modest gain of 2.39%.

The stock opened today at Rs 379.65, hitting an intraday low of the same price, and has not shown any range in trading. Additionally, Ashika Credit Capital is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The combination of these factors suggests a challenging environment for the stock, contributing to the ongoing selling pressure.
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