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 company has experienced a consecutive decline over the past seven days, resulting in a total loss of 11.55% during this period. In terms of daily performance, Dhruva Capital Services has dropped by 1.82%, significantly underperforming the Sensex, which fell by just 0.06%.
Over the past week, the stock has declined by 8.88%, while the Sensex has only decreased by 0.92%. The one-month performance reveals a stark contrast, with Dhruva Capital Services down 14.49% compared to the Sensex's 2.71% decline. Year-to-date, the stock has plummeted by 60.24%, while the Sensex has gained 4.21%.

Currently, the stock is trading close to its 52-week low, just 0.98% away from Rs 141.75. It opened at Rs 143.15 and has remained at this level throughout the trading session. Additionally, Dhruva Capital Services is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The selling pressure may be attributed to broader market conditions and company-specific challenges, contributing to its underperformance relative to the Sensex.