Elixir Capital Faces Intense Selling Pressure Amid Significant Price Declines

Elixir Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses, falling 5.00% in just one day, and a total decline of 8.01% over the last two days. This performance starkly contrasts with the Sensex, which has only decreased by 0.85% today.
In the past week, Elixir Capital has dropped 7.70%, while the Sensex has seen a modest decline of 1.06%. Over the last month, the stock has underperformed significantly, with a 6.20% decrease compared to the Sensex's gain of 7.86%. The three-month performance is particularly alarming, with Elixir Capital down 50.93%, while the Sensex has risen by 2.30%.

Today's trading saw the stock open with a gap down of 4.68%, reaching an intraday low of Rs 121.7. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The overall performance metrics suggest a challenging environment for Elixir Capital, contributing to the heightened selling activity.