Gowra Leasing Faces Intense Selling Pressure Amidst Consecutive Losses

Gowra Leasing & Finance Ltd is currently facing significant selling pressure, with the trading day characterized solely by sellers. This trend marks a continuation of consecutive days of losses for the microcap non-banking financial company (NBFC). Despite a strong performance over the past year, where the stock has surged by 123.34%, it is now experiencing a downturn.
In terms of relative performance, Gowra Leasing has outperformed the Sensex across various time frames. Over the past week, the stock has gained 3.73%, while the Sensex has declined by 0.46%. In the last month, it rose by 18.52% compared to the Sensex's modest increase of 0.55%. The stock's impressive performance extends to longer periods, with a remarkable 507.99% increase over five years, significantly outpacing the Sensex's 138.20% growth.

Today's trading saw Gowra Leasing open with a 2% gain, reaching an intraday high of Rs 88.43. However, the stock has since traded at this price without any range fluctuations. It remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong historical performance despite the current selling pressure.