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 stock has experienced consecutive losses over the past two days, declining by 3.94%. Today, Elixir Capital's performance is down 1.99%, notably underperforming the Sensex, which has only dipped by 0.09%.
In terms of broader performance metrics, Elixir Capital has shown mixed results. Over the past week, the stock gained 9.66%, outperforming the Sensex's 3.31% increase. However, the longer-term outlook reveals a stark contrast, with a staggering 58.13% decline over the last three months compared to the Sensex's minor drop of 0.67%. Year-to-date, Elixir Capital has plummeted by 58.41%, while the Sensex remains nearly flat at -0.24%.

The stock opened at 140.25 today and has traded within this range, indicating a lack of upward momentum. While it is currently above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The ongoing selling pressure may be attributed to various market factors affecting investor sentiment in the finance/NBFC sector.