Dhruva Capital Services Ltd Faces Significant Selling Pressure with 63.47% Year-to-Date Loss

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 3.17% in a single day, contrasting sharply with the Sensex, which has only dipped by 0.37%. Over the past week, Dhruva Capital has lost 11.33%, while the Sensex has gained 0.91%. This trend of consecutive losses extends to three days, during which the stock has fallen a total of 11.33%.
In terms of longer-term performance, Dhruva Capital has seen a staggering decline of 66.19% over the past year, compared to a 9.44% increase in the Sensex. Year-to-date, the stock is down 63.47%, while the Sensex has risen by 8.32%. Despite a remarkable 923.35% increase over the past three years, the stock's recent performance has been troubling, particularly as it has underperformed its sector by 2.59% today.

The stock opened with a gap down at Rs 131.5 and reached an intraday low of the same price, indicating a lack of trading range. Additionally, Dhruva Capital is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The erratic trading pattern, with the stock not trading on two days out of the last 20, may also contribute to the current selling pressure.