Fundviser Capital Faces Selling Pressure as Shares Decline 4.84% Amid Ongoing Losses

Fundviser Capital (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a loss of 4.84%, starkly contrasting with the Sensex, which has gained 0.26%. This marks a continuation of a downward trend, as Fundviser Capital has experienced consecutive days of losses, raising concerns among market observers.
Over the past week, the stock has shown a modest gain of 3.13%, but this is overshadowed by its current performance. In the last month, it has risen by 9.07%, and over the past year, it has delivered a notable return of 37.66%. However, the recent selling activity has led to an underperformance of 5.54% against its sector.

The stock touched an intraday low of Rs 209.25 today, indicating heightened volatility. Despite this, Fundviser Capital remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a complex trading environment. The erratic trading pattern, with the stock not trading on one day out of the last 20, may also contribute to the current selling pressure.