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 stock has recorded consecutive days of losses, with a notable decline of 5.39% in today's trading session. This performance starkly contrasts with the Sensex, which has only dipped by 0.16% today.
Over the past week, Jhaveri Credits & Capital has seen a decline of 3.31%, while the Sensex has gained 3.74%. The stock's performance over the last month remains positive at 12.52%, but this is overshadowed by a year-to-date loss of 23.28%, compared to the Sensex's slight decline of 1.96%. Year-over-year, the stock has plummeted by 51.77%, while the Sensex has risen by 5.03%.

The price summary indicates that the stock reached an intraday high of Rs 223.7 but fell to a low of Rs 207.1. Despite being above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. The current selling pressure may be attributed to broader market trends and investor sentiment, particularly given the stock's underperformance relative to its sector.