Mangalam Industrial Finance Ltd Faces Intense Selling Pressure Amid Significant Price Declines

Mangalam Industrial Finance Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced consecutive losses over the past four days, resulting in a cumulative decline of 9.41%. Today, Mangalam Industrial Finance Ltd reported a performance drop of 1.61%, contrasting sharply with the Sensex, which gained 0.99%.
Over the past week, the stock has declined by 5.18%, while the Sensex fell only 0.70%. The longer-term performance reveals a troubling trend, with a 22.46% drop over the last three months and a staggering 56.94% decline over the past year, compared to the Sensex's 8.41% increase during the same period. Year-to-date, the stock has lost 50.41%, while the Sensex has risen by 4.63%.

Despite a notable 613.53% increase over the past five years, the stock's performance has been overshadowed by a 93.19% decline over the last decade, highlighting a significant divergence from the Sensex's 192.43% growth. The stock is currently trading above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position for Mangalam Industrial Finance Ltd.