Elixir Capital Faces Intense Selling Pressure Amid Consecutive Losses and Market Underperformance

Elixir Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of 5.04%. Today, Elixir Capital's performance dipped by 1.97%, contrasting sharply with the Sensex, which gained 0.35%.
Over the past week, Elixir Capital has fallen by 3.19%, while the Sensex has risen by 1.66%. The stock's performance over the last month shows a slight decline of 0.19%, compared to the Sensex's robust increase of 5.10%. More notably, Elixir Capital has seen a staggering 45.99% drop over the past three months, while the Sensex has managed a modest gain of 3.90%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has been trading in a narrow range of Rs 0.05, further highlighting the lack of buyer interest. The ongoing selling pressure may be attributed to various market dynamics affecting the finance/NBFC sector, contributing to the stock's underperformance relative to the broader market.