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 a notable decline of 4.99% in just one day, significantly underperforming the Sensex, which fell by only 0.32%. Over the past week, Elixir Capital has seen a staggering loss of 22.58%, while the Sensex has decreased by a mere 0.58%.
The trend continues with a 41.03% drop over the past month, compared to the Sensex's 1.78% decline. This marks a concerning pattern, as Elixir Capital has now recorded nine consecutive days of losses, totaling a 37.04% decrease during this period. The stock opened today at Rs 156.15, hitting an intraday low of the same price, and has not shown any range of movement since.

Additionally, Elixir Capital is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The stock's performance year-to-date reflects a significant decline of 53.69%, contrasting sharply with its impressive 122.40% gain over the past year. This selling pressure may be attributed to various market dynamics affecting the finance/NBFC sector, warranting close observation.