First Custodian Fund(I) Faces Intense Selling Pressure Amid Ongoing Losses

First Custodian Fund(I) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of losses, as the stock has experienced a decline over consecutive days. Despite today's performance reflecting a 3.33% increase, it is essential to note that this microcap finance company has seen a weekly decline of 0.51%, indicating a challenging environment.
In comparison to the Sensex, First Custodian Fund(I) has demonstrated resilience over the longer term, with a remarkable one-year performance of 181.82%, while the Sensex has only gained 3.62%. However, the recent selling pressure may be attributed to broader market sentiments and potential sector-specific challenges.

The stock opened with a 4% gain today, reaching an intraday high of Rs 156, but has since traded at this price without significant movement. Notably, First Custodian Fund(I) is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong historical performance relative to its recent price action. The stock's ability to outperform the sector by 3.61% today highlights its volatility amidst the prevailing selling trend.