Jhaveri Credits & Capital Faces Intense Selling Pressure Amid Significant Price Declines

Jhaveri Credits & Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 4.98% in just one day, contrasting sharply with the Sensex's modest gain of 0.26%. Over the past week, Jhaveri Credits & Capital has dropped 7.56%, while the Sensex has risen by 3.76%.
In the longer term, the stock's performance reveals a troubling trend, with a staggering 51.00% decline over the past year compared to the Sensex's 8.11% increase. Year-to-date, the stock is down 25.04%, while the Sensex has gained 1.89%. Despite a remarkable 8402.10% increase over the past five years, recent performance indicates a stark divergence from broader market trends.

The stock touched an intraday low of Rs 205, reflecting a 3.73% decrease. While it remains above its 20-day and 50-day moving averages, it is currently below its 5-day, 100-day, and 200-day moving averages. This performance suggests a challenging environment for Jhaveri Credits & Capital, with potential contributing factors to the selling pressure warranting further analysis.