Jhaveri Credits Faces Intense Selling Pressure Amid Continued Price Declines

Jhaveri Credits & Capital Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a notable decline of 4.99%, starkly contrasting with the Sensex, which has only dipped by 0.05%. This marks a continuation of a downward trend, as Jhaveri Credits has recorded consecutive losses over the past few days, following three days of gains.
In the past week, the stock has declined by 3.26%, while the Sensex has gained 0.39%. Over the last month, Jhaveri Credits has shown a remarkable increase of 25.46%, but this is overshadowed by its one-year performance, which reveals a significant drop of 31.12% compared to the Sensex's rise of 9.08%. Year-to-date, the stock is down 4.33%, while the Sensex has increased by 4.01%.

The stock's performance today underperformed its sector by 4.02%, reaching an intraday low of Rs 259. Despite being above the 20-day, 50-day, and 100-day moving averages, it remains below the 5-day and 200-day moving averages, indicating a potential shift in market sentiment.