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 a notable decline of 4.99% in just one day, contrasting sharply with the Sensex, which has only dipped by 0.14%. Over the past week, Dhruva Capital has lost 18.51%, while the Sensex has gained 1.85%. The trend continues with a staggering 36.24% drop over the past month, compared to the Sensex's 2.59% increase.
This microcap finance company has now recorded 14 consecutive days of losses, accumulating a total decline of 32.31% during this period. Today, the stock hit a new 52-week low of Rs. 142.85, opening with a gap down of 4.99%. It has underperformed its sector by 5.06% and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

The substantial selling pressure may be attributed to various factors, including market sentiment and company-specific challenges, which have led to a year-to-date decline of 60.32%, while the Sensex has managed a modest gain of 2.39%.