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 two days, with a decline of 5.24% during this period. Today, Elixir Capital's stock price fell by 5.06%, underperforming the Sensex, which gained 0.17%.
Over the past week, Elixir Capital has seen an 8.50% drop, while the Sensex increased by 0.67%. The stock's performance has been particularly poor over the last month, down 8.30%, compared to the Sensex's rise of 8.16%. In the last three months, Elixir Capital has plummeted by 36.84%, contrasting sharply with the Sensex's gain of 7.05%.

The stock's price summary indicates it reached an intraday high of Rs 132 but fell to a low of Rs 121.05. Elixir Capital is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish trend. The ongoing selling pressure may be attributed to broader market conditions and investor sentiment within the finance/NBFC sector.