Mangalam Industrial Finance Faces Intense Selling Pressure Amid Significant Price Declines

Mangalam Industrial Finance Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a notable decline, with its stock price dropping by 4.73% in just one day, while the Sensex has only decreased by 0.20%. Over the past week, Mangalam Industrial Finance has lost 15.26%, contrasting sharply with the Sensex's gain of 0.71%.
The stock's performance over the past month reveals a staggering decline of 25.46%, while the Sensex has risen by 5.81%. This trend continues over longer periods, with a 56.49% drop in the last three months and a 59.95% decrease over the past year, compared to the Sensex's 5.16% increase.

Today, the stock hit a new 52-week low of Rs. 1.61 and has been on a downward trajectory for four consecutive days, resulting in a total loss of 16.15% during this period. Additionally, Mangalam Industrial Finance is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. The stock's performance has been particularly poor relative to the broader market, highlighting the challenges it faces in the current financial landscape.