Glance Finance Ltd Faces Intense Selling Pressure Amid Consecutive Losses

Glance Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced consecutive losses over the past three days, resulting in a total decline of 9.44%. Today, Glance Finance Ltd opened with a gap down of 4.79%, reaching an intraday low of Rs 161.1, reflecting a 4.73% drop.
In terms of performance relative to the Sensex, Glance Finance has underperformed across various time frames. Over the past week, the stock has declined by 5.32%, while the Sensex has only dipped by 0.74%. In the month, Glance Finance's performance is down by 0.34%, contrasting with the Sensex's gain of 3.01%. Year-to-date, the stock has fallen by 17.69%, compared to the Sensex's increase of 6.77%.

Despite a strong performance over the longer term, with a 220.16% increase over three years, the recent trend indicates a shift in market sentiment. The stock's current trading activity, characterized by a narrow range of Rs 0.45, suggests a lack of buying interest, contributing to the ongoing selling pressure.