Ceejay Finance Faces Intense Selling Pressure Amid Significant Price Declines

Ceejay Finance Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has recorded a notable decline of 4.86%, starkly contrasting with the Sensex, which has only dipped by 0.21%. This marks a continuation of a troubling trend, as Ceejay Finance has experienced consecutive days of losses, with a 1-week performance of -0.49% compared to the Sensex's gain of 2.42%.
Over the past month, Ceejay Finance has seen a decline of 9.09%, while the Sensex has risen by 2.98%. Year-to-date, the stock has plummeted by 36.95%, significantly underperforming the Sensex's 7.35% increase. Despite a strong performance over the longer term, including a 196.94% rise over five years, recent trends indicate a shift in market sentiment.

Contributing factors to the selling pressure may include erratic trading patterns, as the stock did not trade on two days out of the last 20. Additionally, Ceejay Finance is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further indicating a bearish trend. The stock touched an intraday low of Rs 184.1 today, reflecting the ongoing challenges faced by this microcap non-banking financial company.