Inditrade Capital Ltd Faces Heavy Selling Pressure, Stock Declines 4.96% Amid Ongoing Losses

Inditrade Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company, a microcap in the Non-Banking Financial Company (NBFC) sector, has experienced consecutive days of losses, falling 4.96% in just one day. Over the past week, the stock has declined by 8.94%, while its performance over the last three months reveals a staggering drop of 28.83%.
In stark contrast, the benchmark Sensex has shown relatively modest declines, with a 0.56% drop today and a 1.30% decrease over the past week. Year-to-date, Inditrade Capital has plummeted 55.44%, compared to the Sensex's gain of 6.03%. The stock is now trading close to its 52-week low, just 4.95% away from Rs 4.61.

The stock's performance is further underscored by its underperformance against its sector, lagging by 3.58%. Additionally, Inditrade Capital is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. These factors collectively contribute to the ongoing selling pressure observed in the stock.