First Custodian Fund(I) Faces Intense Selling Pressure Amid Significant Price Declines

First Custodian Fund(I) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.93% in just one day, contrasting sharply with the Sensex, which has only dipped by 0.10%. Over the past week, First Custodian Fund(I) has lost 22.48%, while the Sensex has gained 0.81%. This trend continues over a month, with the stock down 34.60% compared to a 5.92% increase in the Sensex.
The stock has been on a downward trajectory for the last ten consecutive days, accumulating a total loss of 35.3% during this period. It opened the day with a gap down, hitting an intraday low of Rs 96.4. Additionally, First Custodian Fund(I) is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

Potential contributing factors to this selling pressure may include broader market conditions, sector-specific challenges, or company-specific issues, although specific details were not provided. Overall, the stock's performance has significantly underperformed its sector by 5.4% today.