Dhruva Capital Services Faces Intense Selling Pressure Amid Significant Price Declines

Dhruva Capital Services Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses, falling by 2.00% in today's trading session. Over the past week, Dhruva Capital has declined by 2.41%, while the broader Sensex has gained 2.81%, highlighting a stark underperformance relative to the index.
In terms of longer-term performance, Dhruva Capital has seen a troubling trend, with a staggering 50.97% drop over the past year, compared to a 5.28% increase in the Sensex. Year-to-date, the stock is down 35.21%, while the Sensex has only slipped by 2.86%. Notably, the stock has lost 38.62% over the last three months, contrasting sharply with the Sensex's decline of just 2.74%.

Today's trading saw the stock open with a loss of 2% at Rs 233.25, reaching an intraday low of the same price. The stock has been erratic, not trading on three days out of the last 20. Additionally, while it remains above its 20-day moving average, it is below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position for this microcap finance company.