Elixir Capital Faces Intense Selling Pressure Amid Consecutive Losses and Declining Stock Performance

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 four days, resulting in a total decline of 7.71%. Today, Elixir Capital's stock price fell by 1.96%, underperforming the Sensex, which saw a marginal increase of 0.01%.
In terms of weekly performance, Elixir Capital has declined by 3.09%, while the Sensex has gained 0.92%. Over the past month, the stock has managed a slight increase of 0.86%, but this is overshadowed by a staggering 61.62% drop over the last three months, compared to the Sensex's decline of just 1.38%. Year-to-date, Elixir Capital has plummeted by 60.04%, contrasting sharply with the Sensex's minor decrease of 0.67%.

The stock opened at 134.75 and has remained at this price, indicating a lack of upward movement. Additionally, while the stock is trading above its 20-day moving average, it is below the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The current market dynamics and recent performance metrics highlight the challenges Elixir Capital is facing in the finance/NBFC sector.