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 a consecutive decline over the past eight days, resulting in a substantial loss of 33.73% during this period. Today, Elixir Capital's stock price fell by 5.00%, underperforming the Sensex, which gained 0.32%.
In the past week, Elixir Capital has seen a staggering decline of 22.59%, while the Sensex remained relatively stable with a 0.05% increase. Over the last month, the stock has plummeted by 39.17%, contrasting sharply with the Sensex's minor drop of 0.53%. Year-to-date, Elixir Capital has lost 51.26%, significantly underperforming the Sensex's decline of only 2.46%.

The stock opened today at Rs 164.35, marking a gap down of 5%, and reached an intraday low of the same price. Elixir Capital is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The ongoing selling pressure may be attributed to various market dynamics affecting the finance/NBFC sector, but specific factors were not detailed.