Easun Capital Markets Faces Intense Selling Pressure Amid Significant Price Declines

Easun Capital Markets Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a total loss of 14.56% during this period. Today, the stock fell by 4.99%, underperforming the Sensex, which decreased by only 1.07%.
In terms of weekly performance, Easun Capital Markets has seen a decline of 10.30%, contrasting sharply with the Sensex's slight gain of 0.24%. Over the past month, the stock has dropped 2.07%, while the Sensex has decreased by 0.96%. Year-to-date, Easun Capital Markets has underperformed significantly, with a decline of 11.77% compared to the Sensex's gain of 4.48%.

The stock opened the day with a gain of 4.99%, reaching an intraday high of Rs 50.7, but quickly fell to a low of Rs 45.88. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The current selling pressure may be attributed to broader market conditions and investor sentiment, reflecting the challenges faced by microcap non-banking financial companies like Easun Capital Markets.