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 consecutive losses over the past five days, resulting in a substantial decline of 16.54% during this period. Today, it opened with a gap down of 4.97%, reaching an intraday low of Rs 124.35.
In terms of performance relative to the Sensex, First Custodian Fund(I) has notably underperformed. Over the past week, the stock has dropped 16.54%, while the Sensex has gained 3.74%. Similarly, the one-month performance shows a decline of 17.10% for First Custodian Fund(I), compared to a modest increase of 1.70% for the Sensex. Year-to-date, the stock is down 17.65%, contrasting with the Sensex's decline of just 1.98%.

Several factors may be contributing to this selling pressure, including market sentiment and potential sector-specific challenges within the finance/NBFC industry. The stock's performance metrics indicate it is currently trading below its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains above the 200-day moving average. This trend suggests a shift in market dynamics that could be influencing investor behavior.