Ceejay Finance Ltd Faces Significant Selling Pressure with 35.99% Year-to-Date Loss

Ceejay Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a performance decline of 0.59% on the day, compared to a minor drop of 0.11% in the Sensex. Over the past week, Ceejay Finance has seen a more pronounced decline of 4.03%, while the Sensex gained 1.05%.
In the last month, the stock has dropped 8.38%, contrasting sharply with the Sensex's increase of 1.30%. Year-to-date, Ceejay Finance has plummeted by 35.99%, while the Sensex has risen by 4.73%. The stock's performance over the past year shows a staggering decline of 29.97%, against a slight gain of 0.25% for the Sensex.

Several factors may be contributing to this selling pressure, including a recent trend reversal after two days of gains, an opening gap down of 4.76%, and the stock trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock also touched an intraday low of Rs 178.6, reflecting a 5% drop. Overall, Ceejay Finance is underperforming its sector by 4.55%, indicating a challenging market position.