Mangal Credit & Fincorp Faces Intense Selling Pressure Amid Ongoing Losses

Mangal Credit & Fincorp Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has recorded a loss of 2.36% in its daily performance, contrasting sharply with the Sensex, which has gained 0.81%. This marks a continuation of a downward trend, as Mangal Credit has experienced consecutive days of losses.
Over the past week, Mangal Credit has managed a slight gain of 0.84%, but this is still below the Sensex's performance of 0.91%. In the longer term, the stock has shown some resilience, with a 1.66% increase over the past month, outperforming the Sensex, which has declined by 1.57%. However, the three-month performance reveals a stark contrast, with Mangal Credit up 5.22% while the Sensex has dropped 6.75%. Year-to-date, Mangal Credit has a positive return of 7.59%, compared to the Sensex's decline of 4.31%.

The current selling pressure may be attributed to various factors, including market sentiment and sector-specific challenges. Notably, the stock is currently underperforming its sector by 2.47%. While it remains above its 5-day, 20-day, 100-day, and 200-day moving averages, it is below its 50-day moving average, indicating potential volatility in the near term.