First Fintec Ltd Faces Intensified Selling Pressure Amid Continued Price Declines

First Fintec Ltd is currently facing significant selling pressure, with today's trading session showing a stark absence of buyers. The stock has recorded a loss of 4.88% today, contrasting sharply with the Sensex, which has gained 0.97%. This marks a continuation of a troubling trend, as First Fintec has now experienced consecutive days of losses, with a weekly decline of 5.28% and a staggering monthly drop of 18.32%.
Over the past year, First Fintec's performance has been notably poor, down 17.83%, while the Sensex has risen by 8.38%. Year-to-date, the stock has plummeted 35.05%, significantly underperforming the Sensex's 4.61% gain. Even over longer periods, such as three years, First Fintec's growth of 36.95% pales in comparison to the Sensex's 50.57% increase.

The stock's price summary indicates that it is currently above its 5-day moving average but below its 20-day, 50-day, 100-day, and 200-day moving averages. This trend suggests a potential weakening in market sentiment towards First Fintec, contributing to the ongoing selling pressure.